summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to making substantive changes to the revised banking laws. Financial Services.
AI Summary
This bill makes several substantive changes to the revised banking laws in Massachusetts. Specifically, it amends Section 16 of Chapter 167D to require that any notice of debt transfer for consumer credit granted under the federal Truth in Lending Act must comply with the federal act and its regulations. It also amends Section 7 of Chapter 167H to allow out-of-state banks in mutual form to convert to a stock form. Finally, it amends Section 11 of Chapter 167J to allow banks to use financial information as of the close of the last business day of the preceding month or up to 10 days prior to a meeting, rather than solely the information submitted.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H5160 (on 12/01/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H927 |
| Bill | https://malegislature.gov/Bills/191/H927.pdf |
Loading...