Legislation
- Title
- Insurance - Impaired Entities - Delinquency Proceedings
- Sponsored by
- Delegate Kramer
- Status
- In the House - Hearing 2/16 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Providing that a federal home loan bank may not be stayed or prohibited from exercising specified rights with respect to specified collateral of a specified insurer-member after the seventh day following the filing of a delinquency proceeding; requiring a federal home loan bank to repurchase specified outstanding capital stock of a specified insurer-member under specified circumstances; requiring a federal home loan bank to establish a specified timeline and process within 10 business days after a request from a receiver; etc.
Committees
- Original:
- Economic Matters Click to view Recorded Media
Details
History
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File Code
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Statutes
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(
9-201, 9-215, 9-221 )
Last Updated: 2/3/2020 2:31 PM