Connecticut House Bill 5418 (Prior Session Legislation)

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Spectrum: Committee Bill
Status: Introduced on March 6 2012 - 25% progression, died in chamber
Action: 2012-04-05 - File Number 296
Text: Latest bill text (Comm Sub) [HTML]

To (1) require banks to send notice of a material change in a data processor contract to the Department of Banking, (2) conform requirements concerning appraiser independence with federal requirements set forth in the Federal Truth-in-Lending Act, 15 USC Section 1601 et seq., (3) ensure that any public deposits that are fully insured by the Federal Deposit Insurance Corporation do not require additional collateral to be pledged against them, (4) eliminate the requirement that, in lieu of eligible collateral, public deposits held by a qualified public depository may be secured solely by an irrevocable letter of credit issued by the Federal Home Loan Bank of Boston, and (5) clarify when regulatory letters require additional collateralization.

An Act Concerning The Modernization Of Certain Banking Statutes.

House Banks Committee

Date	Chamber	Action
2012-04-05		File Number 296
2012-04-05		House Calendar Number 229
2012-04-05		Favorable Report, Tabled for the Calendar, House
2012-04-05		Reported Out of Legislative Commissioners' Office
2012-03-30		Referred to Office of Legislative Research and Office of Fiscal Analysis 04/04/12 5:00 PM
2012-03-20		Filed with Legislative Commissioners' Office
2012-03-20		Joint Favorable Substitute
2012-03-09		Public Hearing 03/15
2012-03-06		Referred to Joint Committee on Banks

Type	Source
Summary	http://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05418&which_year=2012
Text	http://www.cga.ct.gov/2012/TOB/H/2012HB-05418-R00-HB.htm
Text	http://www.cga.ct.gov/2012/TOB/H/2012HB-05418-R01-HB.htm