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1996 SESSION

• | print version

HB 1126 Banking and finance; money order sales; licensee's proof of security.

Introduced by: William P. Robinson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Money order sales and money transmission activities; licensee's proof of security. Grants the Virginia State Corporation Commission authority to permit money order and money transmitter license applicants to deposit with a financial institution cash or securities in lieu of furnishing a surety bond as currently required by law. Additionally, the bill establishes provisions whereby such security requirements may be reduced or canceled within five years of a licensee's cessation of money order sales operations within the Commonwealth.

FULL TEXT

• 01/22/96  House: Presented & ordered printed 960368288  pdf
• 02/12/96  House: Printed as engrossed 960368288-E  pdf
• 02/29/96  House: Bill text as passed House and Senate (HB1126ER)  pdf
• 03/25/96  Governor: Acts of Assembly Chapter text (CHAP0274)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/22/96  House: Presented & ordered printed 960368288
• 01/22/96  House: Referred to Committee on Corporations, Insurance and Banking
• 02/10/96  House: Reported from C. I. B. w/amds. (22-Y 0-N)
• 02/10/96  House: Read first time
• 02/12/96  House: Read second time
• 02/12/96  House: Committee amendments agreed to
• 02/12/96  House: Engrossed by House as amended
• 02/12/96  House: Printed as engrossed 960368288-E
• 02/13/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/13/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/13/96  House: Communicated to Senate
• 02/14/96  Senate: Read first time
• 02/14/96  Senate: Referred to Committee on Commerce and Labor
• 02/19/96  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/20/96  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/20/96  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
• 02/21/96  Senate: Read third time
• 02/21/96  Senate: Passed Senate (40-Y 0-N)
• 02/21/96  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/29/96  House: Bill text as passed House and Senate (HB1126ER)
• 03/04/96  House: Enrolled
• 03/04/96  House: Signed by Speaker
• 03/05/96  Senate: Signed by President
• 03/19/96  Governor: Approved by Governor-Chapter 274 (effective 7/1/96)
• 03/25/96  Governor: Acts of Assembly Chapter text (CHAP0274)