Legislation

Title: Financial Institutions - Commissioner of Financial Regulation - Credit Union Power
Sponsored by: Delegate Crosby
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 427
Analysis: Fiscal and Policy Note

Synopsis

Altering the process by and circumstances under which a credit union may engage in any additional activity, service, or other practice that is authorized for federal credit unions; requiring a credit union to provide written notice to the Commissioner of Financial Regulation at least 45 calendar days before engaging in any additional activity, service, or other practice; authorizing the Commissioner to prohibit a credit union from engaging in any additional activity, service, or other practice under certain circumstances; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2021

History

Legislation History
Chamber House Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Commissioner of Financial Regulation - Credit Union Power Proceedings
Chamber House Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action Hearing 2/24 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/10/2021 Legislative Date 3/10/2021 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/11/2021 Legislative Date 3/03/2021 Action Favorable Adopted Second Reading Passed Proceedings 22 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Commissioner of Financial Regulation - Credit Union Power Proceedings
Chamber House Calendar Date 3/12/2021 Legislative Date 3/04/2021 Action Third Reading Passed (101-35) Proceedings 23 Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2021 Legislative Date 2/25/2021 Action Referred Finance Proceedings 26 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2021 Legislative Date 3/17/2021 Action Hearing 3/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/02/2021 Legislative Date 4/02/2021 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 4/06/2021 Legislative Date 3/14/2021 Action Favorable Adopted Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2021 Legislative Date 3/14/2021 Action Second Reading Passed Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 4/08/2021 Legislative Date 3/17/2021 Action Third Reading Passed (47-0) Proceedings 42AClick to view Recorded Media
Chamber House Calendar Date 4/08/2021 Legislative Date 3/23/2021 Action Returned Passed Proceedings 42 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/30/2021 Legislative Date 5/30/2021 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 427 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Commissioner of Financial Regulation - Credit Union Power Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/05/2021	2/05/2021	First Reading Economic Matters
			Text - First - Financial Institutions - Commissioner of Financial Regulation - Credit Union Power
House	2/05/2021	2/05/2021	Hearing 2/24 at 1:30 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/10/2021	3/10/2021	Favorable Report by Economic Matters
House	3/11/2021	3/03/2021	Favorable Adopted Second Reading Passed	22 Click to view Recorded Media
			Text - Third - Financial Institutions - Commissioner of Financial Regulation - Credit Union Power
House	3/12/2021	3/04/2021	Third Reading Passed (101-35)	23 Click to view Recorded Media
Senate	3/16/2021	2/25/2021	Referred Finance	26 Click to view Recorded Media
Senate	3/17/2021	3/17/2021	Hearing 3/23 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/02/2021	4/02/2021	Favorable Report by Finance
Senate	4/06/2021	3/14/2021	Favorable Adopted	41 Click to view Recorded Media
Senate	4/06/2021	3/14/2021	Second Reading Passed	41 Click to view Recorded Media
Senate	4/08/2021	3/17/2021	Third Reading Passed (47-0)	42AClick to view Recorded Media
House	4/08/2021	3/23/2021	Returned Passed	42 Click to view Recorded Media
Post Passage	5/30/2021	5/30/2021	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 427
			Text - Chapter - Financial Institutions - Commissioner of Financial Regulation - Credit Union Power

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