MD SB402 | 2017 | Regular Session

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 27 2017 - 25% progression, died in committee
Action: 2017-02-14 - Hearing 2/14 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Providing that a federal home loan bank may not be stayed or prohibited from exercising specified rights with respect to specified collateral of a specified insurer-member after the seventh day following the filing of a delinquency proceeding; requiring a federal home loan bank to repurchase specified outstanding capital stock of a specified insurer-member under specified circumstances; requiring a federal home loan bank to establish a specified timeline and process within 10 business days after a request from a receiver; etc.

Tracking Information

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Title

Insurance - Impaired Entities - Delinquency Proceedings

Sponsors


History

DateChamberAction
2017-02-14SenateHearing 2/14 at 1:00 p.m.
2017-01-27SenateFirst Reading Finance

Subjects


Maryland State Sources


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