SB 1106 Modifies provisions related to inspection of credit unions and terms of office for credit union commission members
LR Number:4528S.02P Fiscal Note:4528-02
Committee:Financial and Governmental Organization
Last Action:04/11/02 - Hearing Conducted H Criminal Issues, Consumer Journal page:
Protection & Housing Committee
Title:SCS SB 1106
Effective Date:August 28, 2002
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Current Bill Summary

SCS/SB 1106 This act revises the terms of credit union commissioners. The terms of credit union commission members shall be staggered.

The Director of the Division of Credit Unions shall examine certain qualifying credit unions, as determined by the director, only once every eighteen months. Currently, every credit union must be examined annually.

This act is similar to HB 1921 and HB 1803.