Bill Summaries: H106 (2015-2016 Session)

  • Summary date: Mar 19 2015 - View summary

    House committee substitute makes the following changes to the 1st edition.

    Changes the short and long titles.

    Amends GS 53C-2-1 concerning the membership of the Banking Commission (Commission), deleting changes to the number of members that constitute the Commission in the previous edition, restoring the Commission to consisting of 15 members (was, 17). Further provides that 12 members of the Commission will be appointed by the Governor (was, 14 members). Further provides that the Governor will appoint 7 public members (was, 9).

    Adds language to the act providing that when the changes to GS 53C-2-1 become effective, the position on the Commission held by Donald Fader will convert to a position assigned for a licensee under GS Chapter 53, Article 19B, after which he will continue on the Commission in such role for his remaining term, expiring on April 1, 2017, or until he resigns or does not fit the definition of licensee for his position.

  • Summary date: Feb 24 2015 - View summary

    Amends GS 53C-1-4(58), the definition for a “public member” of the State Banking Commission (Commission), providing that persons licensed under GS Chapter 53, Article 19B (The Secure and Fair Enforcement Mortgage Licensing Act) who were also employees of a NC financial institution at the time of appointment or within the five years preceding the appointment are not considered public members of the Commission.  

    Amends GS 53C-2-1 expanding the membership of the Commission to 17 members (was 15 members). Further provides that 14 members of the Commission will be appointed by the Governor (was 12 members) including one person licensed under GS Chapter 53, Article 19B and nine public members (was, eight).