DE HB20

Raises the asset threshold requiring building and loan associations to obtain federal deposit insurance from $7,000,000 to $10,000,000

Applies to associations with total assets exceeding $10,000,000 or those registered in other states doing business in Delaware

Requires non-federally insured institutions to obtain signed disclosure forms from new shareholders and depositors on State Bank Commissioner-approved forms

Threshold amount last increased in 2005; the State Bank Commissioner supports this change