SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
HB 570 Banks and savings institutions; compliance review committees.
Introduced by: Bernard S. Cohen | all patrons ... notes | add to my profiles
SUMMARY:
Banks and savings institutions; compliance review committees. Provides that the records, reports or other documents created by a bank's or savings institution's compliance review committee are confidential and are not discoverable or admissible in evidence in any civil action (except upon motion and in the discretion of the trial court if it determines that there has been an abuse of the provisions contained in the bill). The bill makes similar provision for records of a compliance review committee which are delivered to a federal or state governmental agency, except as otherwise expressly authorized by law. Under the bill, compliance review committee action does not inhibit the operation of federal or state discovery rules. The bill defines a compliance review committee to mean a committee appointed by a bank or savings institution for the purpose of evaluating and improving the institution's compliance with federal and state law and adherence to its established ethical and financial standards.
FULL TEXT
- 01/25/94 House: Presented and ordered printed pdf
- 02/14/94 House: Printed as engrossed LD1219156 (HB570E) pdf
- 02/28/94 House: Bill text as passed House and Senate (HB570ER) pdf
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0201) pdf
AMENDMENTS
HISTORY
- 01/25/94 House: Presented and ordered printed
- 01/25/94 House: Referred to Committee on Corporations, Insurance and Banking
- 02/12/94 House: Reported from C. I. B. w/amds. (20-Y 0-N)
- 02/13/94 House: Read first time
- 02/14/94 House: Read second time
- 02/14/94 House: Committee amendments agreed to
- 02/14/94 House: Engrossed by House as amended
- 02/14/94 House: Printed as engrossed LD1219156 (HB570E)
- 02/15/94 House: Read third time and passed House (Block Vote) (99-Y 0-N)
- 02/15/94 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/15/94 House: Communicated to Senate
- 02/16/94 Senate: Read first time
- 02/16/94 Senate: Referred to Committee on Commerce and Labor
- 02/21/94 Senate: Reported from Commerce and Labor (12-Y 0-N)
- 02/22/94 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/22/94 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/23/94 Senate: Read third time
- 02/23/94 Senate: Passed Senate (38-Y 0-N)
- 02/23/94 Senate: VOTE: PASSAGE (38-Y 0-N)
- 02/28/94 House: Bill text as passed House and Senate (HB570ER)
- 03/07/94 House: Enrolled
- 03/07/94 House: Signed by Speaker
- 03/08/94 Senate: Signed by President
- 04/02/94 Governor: Approved by Governor-Chapter 201 (effective 7/1/94)
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0201)