House committee substitute to the 1st edition makes technical changes to GS 24-1.1 by updating the existing statutory language.
FED. INSURED DEPOSITORY INST./INTEREST RATES.
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| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO AMEND STATUTES ON INTEREST RATES TO USE THE TERM "FEDERALLY INSURED DEPOSITORY INSTITUTION" AND TO ESTABLISH EXPRESS AUTHORITY TO ENFORCE THOSE STATUTES.Intro. by Howard, Bell, Carney, Lucas.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (May 6 2019)
Bill History:
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Thu, 11 Apr 2019 House: Filed
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Mon, 15 Apr 2019 House: Passed 1st Reading
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Tue, 30 Apr 2019 House: Reptd Fav Com Substitute
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Tue, 30 Apr 2019 House: Re-ref Com On Rules, Calendar, and Operations of the House
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Wed, 1 May 2019 House: Reptd Fav
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Wed, 1 May 2019 House: Cal Pursuant Rule 36(b)
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Wed, 1 May 2019 House: Placed On Cal For 05/02/2019
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Thu, 2 May 2019 House: Amend Tabled A1
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Thu, 2 May 2019 House: Passed 2nd Reading
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Thu, 2 May 2019 House: Passed 3rd Reading
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Fri, 3 May 2019 House: Regular Message Sent To Senate
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Mon, 6 May 2019 Senate: Regular Message Received From House
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Mon, 6 May 2019 Senate: Passed 1st Reading
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Mon, 6 May 2019 Senate: Ref To Com On Rules and Operations of the Senate
H 718
Bill Summaries:
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Bill H 718 (2019-2020)Summary date: Apr 30 2019 - View Summary
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Bill H 718 (2019-2020)Summary date: Apr 11 2019 - View Summary
Enacts GS 24-1.05 to define federally insured depository institution as used in the Chapter (Interest) to mean an insured depository institution as defined in specified federal law, or an insured credit union as defined in specified federal law; excludes a subsidiary or affiliate of a federally insured depository institution that is not itself a federally insured depository institution.
Enacts GS 24-1.010 to authorize the Attorney General, the Commissioner of Banks, and the Administrator of Credit Unions to enforce GS Chapter 24's provisions.
Amends GS 24-1.1, GS 24-2.2 and GS 24-11 to refer to a federally insured depository institution rather than bank or banking institution. Further amends GS 24-2.2, concerning interest on extensions of credit, and GS 24-11, concerning certain revolving credit changes, to make technical and clarifying changes. Makes language in GS 24-11 gender neutral.
Effective October 1, 2019.
View: All Summaries for Bill