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SB 179 - Current law requires certain banks, trust companies, and savings and loans associations to file multiple copies of various forms and documents with the Division of Finance within the Department of Insurance, Financial Institutions, and Professional Registration. Current law also requires the Division to make, file, or retain multiple copies of the same forms and documents with various state offices. This act repeals those requirements and instead requires a single filing of each form or document currently required to be filed with the Division. The act repeals a requirement that any savings and loan association pay a fee of $5 to the Director of Revenue for each resolution filed with the Division amending its articles of incorporation. Current law requires the Director of the Division to prepare a report, as part of the report of the Department, detailing the state and condition of each corporation required to report to him or her. This act repeals that requirement. This act is substantially similar to HB 599 (2019). SCOTT SVAGERA
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