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Legislation


2001 Regular Session

HOUSE BILL 821

File Code: Financial Institutions Crossfiled with: SENATE BILL 683
Sponsored By:
Delegates Bobo and Rawlings
Entitled:
Banking Institutions - Eligibility for Designation as a Depositary - Basic Banking Accounts

Synopsis:

Requiring the Commissioner of Financial Regulation to certify a banking institution as eligible for designation as a depositary for State money if the banking institution offers basic banking accounts; establishing the rules, conditions, and terms applicable to basic banking accounts; authorizing a banking institution to apply to the Commissioner for approval to increase charges for basic banking accounts; prohibiting the Treasurer from designating a depositary unless the Commissioner certifies eligibility; etc.

History by Legislative Date

House Action
2/9
First Reading Commerce and Government Matters
2/14
Hearing 3/6 at 1:00 p.m.
3/13
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Sponsored by:
Delegate Elizabeth Bobo, District 12B
Delegate Howard P. Rawlings, District 40
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINANCIAL REGULATION, DIVISION OF
INTERSTATE AFFAIRS
PENALTIES
RECORDS -see also- LAND RECORDS; VITAL RECORDS
RULES AND REGULATIONS
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Financial Institutions
( 12-901 , 12-902 , 12-903 , 12-904 , 12-905 , 12-906 , 12-907 )
State Finance and Procurement
( 6-205 , 6-206 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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