Financial Institutions Committee
Filed: 3/6/2007
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1 | AMENDMENT TO HOUSE BILL 1288
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2 | AMENDMENT NO. ______. Amend House Bill 1288 on page 1, by | ||||||
3 | replacing lines 5 and 6 with the following: | ||||||
4 | "changing Sections 8, 22, 30, 46, 51, and 70 as follows:"; and
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5 | on page 1, by deleting lines 7 through 23; and | ||||||
6 | on page 2, by deleting lines 1 through 22; and | ||||||
7 | on page 3, by replacing lines 17 through 20 with the following: | ||||||
8 | "necessary to carry out his functions. The Director shall | ||||||
9 | ensure that all examiners appointed or assigned to examine the | ||||||
10 | affairs of State-chartered credit unions possess the necessary | ||||||
11 | training and continuing education to effectively execute their | ||||||
12 | jobs. "; and | ||||||
13 | on page 5, by deleting lines 23 through 25; and |
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1 | by deleting pages 6 and 7; and | ||||||
2 | on page 8, by deleting lines 1 through 23; and | ||||||
3 | on page 18, by replacing lines 15 and 16 with the following: | ||||||
4 | "indebtedness of its members. In the management of its assets, | ||||||
5 | liabilities, and liquidity, a credit union may purchase the | ||||||
6 | conditional sales contracts, notes, and other similar | ||||||
7 | instruments that evidence the consumer indebtedness of the | ||||||
8 | members of another credit union. "Consumer indebtedness" means | ||||||
9 | indebtedness incurred for personal, family, or household | ||||||
10 | purposes. "; and | ||||||
11 | on page 20, lines 24 and 25, and page 21, line 18, by replacing | ||||||
12 | " Supervisor of the Credit Union Section " each time it appears | ||||||
13 | with " Director "; and | ||||||
14 | on page 20, line 26, and page 21, lines 2, 4, 10, and 11, by | ||||||
15 | replacing " Supervisor " each time it appears with " Director ".
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