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AL HB167

Bill

Official Source

Status

Introduced

2/9/2017

Primary Sponsor

Marcel Black

Click for details

Origin

House of Representatives

Regular Session 2017

AI Summary

HB167 Summary

  • Extends the examination requirement for Alabama credit unions from at least annually (every 12 months) to at least every 18 months by employees of the Alabama Credit Union Administration.

  • Amends Section 5-17-8 of the Code of Alabama 1975 to change the mandatory examination frequency while maintaining all other regulatory oversight provisions.

  • Becomes effective on the first day of the third month following passage and approval by the Governor.

Legislative Description

Credit unions, time frame for periodic examination by Credit Union Administration extended, Sec. 5-17-8 am'd.

Credit Unions

Last Action

Blackshear motion to Indefinitely Postpone adopted Voice Vote

4/18/2017

Committee Referrals

Financial Services2/9/2017

Full Bill Text

No bill text available