HB 97 Limitations on obligations of borrowers.
Allen W. Dudley | all patrons    ...    notes
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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

Status:
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)