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1994 SESSION

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SB 76 Banks; loans secured by real estate.

Introduced by: Virgil H. Goode, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Banks; loans secured by real estate. Removes certain statutory limits on the aggregate amount of a bank's loans that can be secured by real estate. Under current law, the total of such loans is limited to 70 percent of a bank's time and savings deposits or the amount of its capital and its surplus, whichever is greater. The bill eliminates these limits.

FULL TEXT

• 01/14/94  Senate: Presented and ordered printed  pdf
• 03/04/94  Senate: Bill text as passed Senate and House (SB76ER)  pdf
• 04/12/94  Governor: Acts of Assembly Chapter text (CHAP0501)  pdf

HISTORY

• 01/14/94  Senate: Presented and ordered printed
• 01/14/94  Senate: Referred to Committee on Commerce and Labor
• 01/24/94  Senate: Reported from Commerce and Labor (14-Y 0-N)
• 01/25/94  Senate: Constitutional reading dispensed (35-Y 0-N)
• 01/25/94  Senate: VOTE: CONST. READING DISPENSED (35-Y 0-N)
• 01/26/94  Senate: Read second time and engrossed
• 01/27/94  Senate: Read third time and passed Senate (37-Y 0-N)
• 01/27/94  Senate: VOTE: PASSAGE (37-Y 0-N)
• 01/27/94  Senate: Communicated to House
• 01/28/94  House: Placed on Calendar
• 01/31/94  House: Read first time
• 01/31/94  House: Referred to Committee on Corporations, Insurance and Banking
• 02/22/94  House: Reported from Corp., Ins. & Banking (17-Y 0-N)
• 02/23/94  House: Read second time
• 02/24/94  House: Passed by for the day
• 02/25/94  House: Read third time
• 02/25/94  House: Passed House (91-Y 1-N)
• 02/25/94  House: VOTE: PASSAGE (91-Y 1-N)
• 03/04/94  Senate: Bill text as passed Senate and House (SB76ER)
• 03/11/94  Senate: Enrolled
• 03/11/94  House: Signed by Speaker
• 03/12/94  Senate: Signed by President
• 04/09/94  Governor: Approved by Governor-Chapter 501 (effective 7/1/94)
• 04/12/94  Governor: Acts of Assembly Chapter text (CHAP0501)