H628 - 2019 Banking & Mortgage Corrections & Changes. (SL 2019-173)
Session Year 2019
Overview: S.L. 2019-173 does the following:
- Eliminates the requirement for savings banks and savings and loan associations to publish abstracts of statements of financial condition.
- Allows commercial banks, savings and loan associations, and savings banks to offer savings promotion raffles.
- Replaces a Public Member on the Banking Commission with a member licensed under Fair Enforcement Mortgage Licensing Act (SAFE Act).
Except as otherwise provided, this act became effective July 26, 2019.