summary
Introduced
01/12/2017
01/12/2017
In Committee
03/14/2017
03/14/2017
Crossed Over
02/09/2017
02/09/2017
Passed
05/01/2017
05/01/2017
Dead
Signed/Enacted/Adopted
05/01/2017
05/01/2017
Introduced Session
2017-2018 Regular Session
Bill Summary
AN ACT concerning financial institutions; relating to the state banking 2 code certain acts under the administration of the state bank 3 commissioner; amending K.S.A. 9-2204, 50-1118, 50-1119, 50-1120, 4 50-1121, 50-1122, 50-1123, 50-1124, 50-1125, 50-1126, 50-1127, 505 1128 and 50-1129 and K.S.A. 2016 Supp. 9-508, 9-509, 9-513a, 96 1101, 9-1102, 9-1104 and, 9-1114, 9-2203, 9-2206, 9-2211, 9-2216a 7 and 50-1117 and repealing the existing sections. 8 9
AI Summary
This bill amends the state banking code to make various changes to the laws governing banks and credit services organizations in the state. Key provisions include:
- Expanding the permissible activities and investments for state banks, including allowing them to buy tax credits for historic structure rehabilitation and operate subsidiaries to hold securities portfolios.
- Revising requirements for banks related to lending limits, real estate holdings, and insurance of tangible property.
- Changing the licensing and regulation of credit services organizations, including requiring them to be licensed rather than registered and imposing new requirements related to disclosures, fees, and trust accounts.
- Increasing the oversight and enforcement authority of the state bank commissioner over banks and credit services organizations.
The bill also repeals and amends numerous existing sections of the state banking and credit services organization laws.
Committee Categories
Business and Industry, Labor and Employment
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Financial Institutions and Insurance (S)
Last Action
Senate Approved by Governor on Tuesday, April 18, 2017 (on 05/01/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://kslegislature.org/li/b2017_18/measures/sb20/ |
| BillText | http://kslegislature.org/li/b2017_18/measures/documents/sb20_enrolled.pdf |
| BillText | http://kslegislature.org/li/b2017_18/measures/documents/sb20_01_0000.pdf |
| BillText | http://kslegislature.org/li/b2017_18/measures/documents/sb20_00_0000.pdf |
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