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Text: SF02155                           Text: SF02157
Text: SF02100 - SF02199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 2156

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 537.1301, subsection 42, Code 1995, is
  1  2 amended to read as follows:
  1  3    42.  "Supervised financial organization" means a person,
  1  4 other than an insurance company or other organization
  1  5 primarily engaged in an insurance business, which is
  1  6 organized, chartered, or holding an authorization certificate
  1  7 pursuant to chapter 524, 533, or 534, or pursuant to the laws
  1  8 of another state or of the United States which authorizes the
  1  9 person to make loans and to receive deposits, including a
  1 10 savings, share, certificate or deposit account, and which is
  1 11 subject to supervision by an official or agency of this state
  1 12 or of the United States.
  1 13    Sec. 2.  RETROACTIVE APPLICABILITY.  This Act applies
  1 14 retroactively to January 1, 1991.
  1 15    Sec. 3.  IMMEDIATE EFFECTIVE DATE.  This Act, being deemed
  1 16 of immediate importance, takes effect upon enactment.  
  1 17                           EXPLANATION
  1 18    This bill amends the definition of a supervised financial
  1 19 organization for purposes of the consumer credit code by
  1 20 including a person, other than an insurance company or other
  1 21 organization primarily engaged in an insurance business, which
  1 22 is organized, chartered, or holding an authorization
  1 23 certificate pursuant to the laws of another state and which is
  1 24 subject to the supervision by an official or agency of this
  1 25 state or of the United States.  
  1 26 LSB 4049SS 76
  1 27 mj/sc/14
     

Text: SF02155                           Text: SF02157
Text: SF02100 - SF02199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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