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2002 SESSION

• | print version

HB 97 Limitations on obligations of borrowers.

Introduced by: Allen W. Dudley | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Limitations on obligations of borrowers. Increases the maximum amount of obligations that a borrower may owe to a state bank to 15 percent of the sum of the bank’s capital, surplus, and loan loss reserves. Currently, a bank’s loan loss reserves are not included in calculating the bank’s loans-to-one-borrower limit. The bill also permits the State Corporation Commission to authorize state banks to make loans to one borrower in amounts authorized under laws applicable to national banks.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 12/19/01 020184740  pdf | impact statement
• 02/25/02  House: Bill text as passed House and Senate (HB97ER)  pdf | impact statement
• 03/26/02  Governor: Acts of Assembly Chapter text (CHAP0186)  pdf

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 12/19/01 020184740
• 01/09/02  House: Referred to Committee on Commerce and Labor
• 01/15/02  House: Reported from Commerce and Labor (20-Y 0-N)
• 01/17/02  House: Read first time
• 01/18/02  House: Read second time and engrossed
• 01/21/02  House: Read third time and passed House (97-Y 0-N 1-A)
• 01/21/02  House: VOTE: PASSAGE (97-Y 0-N 1-A)
• 01/21/02  House: Communicated to Senate
• 01/22/02  Senate: Constitutional reading dispensed
• 01/22/02  Senate: Referred to Committee on Commerce and Labor
• 02/18/02  Senate: Reported from Commerce and Labor (13-Y 0-N)
• 02/20/02  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
• 02/20/02  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/21/02  Senate: Read third time
• 02/21/02  Senate: Passed Senate (40-Y 0-N)
• 02/21/02  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/25/02  House: Bill text as passed House and Senate (HB97ER)
• 03/07/02  House: Enrolled
• 03/07/02  House: Signed by Speaker
• 03/07/02  Senate: Signed by President
• 03/22/02  Governor: Approved by Governor-Chapter 186 (effective 7/1/02)
• 03/26/02  Governor: Acts of Assembly Chapter text (CHAP0186)