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1998 SESSION

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HB 599 Credit unions; out-of-state credit unions.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Credit unions; out-of-state credit unions. Allows the State Corporation Commission to examine out-of-state credit unions conducting business in Virginia and to enter into cooperative agreements with other state credit union supervisors and federal agencies having concurrent jurisdiction over out-of-state credit unions regarding reports of examination and reports of investigation. This bill also permits the State Corporation Commission to assess out-of-state credit unions for supervisory and examination fees and authorizes the State Corporation Commission to enter into agreements to share such fees with other state and federal regulators.


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