H628 - 2019 Banking & Mortgage Corrections & Changes. (SL 2019-173)

Overview: S.L. 2019-173 does the following:

• Eliminates the requirement for savings banks and savings and loan associations to publish abstracts of statements of financial condition.
• Allows commercial banks, savings and loan associations, and savings banks to offer savings promotion raffles.
• Replaces a Public Member on the Banking Commission with a member licensed under Fair Enforcement Mortgage Licensing Act (SAFE Act).

Except as otherwise provided, this act became effective July 26, 2019.