BILL · 2015–16 SESSION

HB 1062: Credit union enforcement/DFI

Updating the department of financial institutions' regulatory enforcement powers regarding credit unions and organizations providing services to credit unions.

Summary

  • Amends provisions regarding the corporate governance of credit unions.
  • Clarifies and broadens the Department of Financial Institutions' enforcement authority with respect to credit unions.
  • Amends what practices credit unions may engage in.

From the House Bill Report (HB 1062), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 12, 2015
  2. Out of committeeJan 19, 2015
  3. Passed HouseFeb 11, 2015
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Derek Stanford (D-1)
Introduced
January 12, 2015 in the House
Last action
March 10, 2016
Requested by
Other
Companion bill
SB 5300
Budget
Has a fiscal note

AN ACT Relating to updating the department of financial institutions' regulatory enforcement powers regarding credit unions and organizations providing services to credit unions;

Sponsors

Prime sponsor: Derek Stanford (D-1)

4 co-sponsors (3 Democrats, 1 Republican)

Votes

House · Final Passage

Passed February 11, 2015
Version voted on: HB 1062
85 Yea 13 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat51000
Republican341300
How each member voted

Yea (85)

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Business & Financial Services.
  4. Rules Committee relieved of further consideration.
  5. By resolution, reintroduced and retained in present status.
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status.
  8. By resolution, returned to House Rules Committee for third reading.
  9. First reading, referred to Financial Institutions & Insurance.
  10. Third reading, passed; yeas, 85; nays, 13; absent, 0; excused, 0.
  11. Rules suspended. Placed on Third Reading.
  12. Placed on second reading by Rules Committee.
  13. Referred to Rules 2 Review.
  14. BFS - Majority; do pass.
  15. BFS - Executive action taken by committee.
  16. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report).
  17. Prefiled for introduction.

HB 1062 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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