H1549: Financial Services

Legislative Summary

Requires state financial institutions to pay semiannual assessment for specified time periods; requires that semiannual assessment be received by Office of Financial Regulation in specified manner & by specified dates; authorizes office to issue specified certificate under certain circumstances; authorizes certain elected officers, directors, or committee members of credit union to be reimbursed for certain expenses; revises timeframe for certain requirements by directors of proposed bank or trust company; revises timeframe within which bank or trust company corporation is required to open & conduct specified business.