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Legislation


1999 Regular Session

HOUSE BILL 50

File Code: Financial Institutions Crossfiled with: SENATE BILL 114
Sponsored By:
Delegate Wood (Task Force to Study Bank Charter Modernization)
Entitled:
Financial Institutions - Bank Charter Modernization and Other Banking Law Reforms

Synopsis:

Consolidating specified laws relating to real estate appraisal policies; repealing the requirement that commercial banks file a list of stockholders with the Commissioner of Financial Regulation; allowing banking institution directors to serve staggered terms; repealing specified requirements relating to bills payable that limit the borrowing authority and flexibility of State-chartered banks in comparison to national banks; etc.

History by Legislative Date

House Action
1/18
First Reading Commerce and Government Matters
1/20
Hearing 2/2 at 1:00 p.m.
2/15

Favorable with Amendments Report by Commerce and Government Matters
2/16
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/18
Third Reading Passed (113-16)
3/31
House Refuses to Concur - Senate Amendments
House Requests Senate Recede
Conference Committee Appointed ...
Delegates McIntosh, Brinkley, and Sophocleus
4/2
Return Passed
5/27
Governor vetoed - Cross-filed bill was signed
Senate Action
2/19
First Reading Finance
3/10
Hearing 3/23 at 1:00 p.m.
3/31
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/1
Third Reading Passed with Amendments (46-0)
4/5
Senate Recede
Motion Reconsider Third Reading (Senator Bromwell) Adopted
Motion Reconsider Committee Amendments (Senator Bromwell) Adopted
Committee Amendments Withdrawn
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
APPRAISALS
BANKS AND TRUST COMPANIES
CHARTERS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
INVESTMENTS -see also- SECURITIES
REAL ESTATE -see also- AGENTS AND BROKERS
REAL PROPERTY
RECORDS -see also- RCDNGS; LAND RCDS; VITAL RCDS; CRIM BKGD.
SECURITIES
Bill affects the following Statutes:
Financial Institutions
( 1-208 , 2-110 , 3-313 , 3-405 , 3-405 , 3-406 , 3-508 , 3-603 , 4-505 , 4-505 , 4-506 , 5-206.1 , 5-503 , 5-504 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 656671/1 (PDF)     Offered on: February 16, 1999   at: 10:22 a.m.     Status: Adopted
Senate
Number: 417763/1 (PDF)     Offered on: March 31, 1999   at: 11:09 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
February 18, 1999: Third Reading Passed (113-16)
Senate
April 1, 1999: Third Reading Passed (46-0)
April 5, 1999: Third Reading Passed (47-0)
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