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Financial Institutions Committee
Filed: 3/6/2007
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09500HB1288ham001 |
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LRB095 08529 MJR 32622 a |
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| AMENDMENT TO HOUSE BILL 1288
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| AMENDMENT NO. ______. Amend House Bill 1288 on page 1, by |
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| replacing lines 5 and 6 with the following: |
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| "changing Sections 8, 22, 30, 46, 51, and 70 as follows:"; and
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| on page 1, by deleting lines 7 through 23; and
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| on page 2, by deleting lines 1 through 22; and
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| on page 3, by replacing lines 17 through 20 with the following: |
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| "necessary to carry out his functions. The Director shall |
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| ensure that all examiners appointed or assigned to examine the |
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| affairs of State-chartered credit unions possess the necessary |
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| training and continuing education to effectively execute their |
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| jobs."; and
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| on page 5, by deleting lines 23 through 25; and
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09500HB1288ham001 |
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LRB095 08529 MJR 32622 a |
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| by deleting pages 6 and 7; and
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| on page 8, by deleting lines 1 through 23; and
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| on page 18, by replacing lines 15 and 16 with the following: |
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| "indebtedness of its members. In the management of its assets, |
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| liabilities, and liquidity, a credit union may purchase the |
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| conditional sales contracts, notes, and other similar |
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| instruments that evidence the consumer indebtedness of the |
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| members of another credit union. "Consumer indebtedness" means |
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| indebtedness incurred for personal, family, or household |
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| purposes."; and
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| on page 20, lines 24 and 25, and page 21, line 18, by replacing |
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| "Supervisor of the Credit Union Section" each time it appears |
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| with "Director"; and
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| on page 20, line 26, and page 21, lines 2, 4, 10, and 11, by |
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| replacing "Supervisor" each time it appears with "Director".
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