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DE SB224
Bill
Status
Passed
6/30/2022
Primary Sponsor
Brian Pettyjohn
Click for details
AI Summary
- Raises the asset threshold requiring building and loan associations to obtain federal deposit insurance from $10,000,000 to $15,000,000
- Last threshold increase occurred in 2019
- Requires institutions without federal insurance to obtain written disclosure signatures from new shareholders, investors, members, subscribers, or depositors on State Bank Commissioner-approved forms advising that funds are not federally insured
- Makes technical corrections to conform existing law to Delaware Legislative Drafting Manual standards
- State Bank Commissioner does not oppose this change
Legislative Description
An Act To Amend Title 5 Of The Delaware Code Relating To Building And Loan Association Insurance Regulation.
Last Action
Signed by Governor
6/30/2022
Committee Referrals
Economic Development/Banking/Insurance & Commerce4/6/2022
Banking, Business & Insurance2/11/2022
Full Bill Text
No bill text available