Legislative Session number- 84

Bill Name: HF1824

HF 1824

SECOND ENGROSSMENT

Financial institution powers, duties, and reporting
regulation provided; safe deposit companies, residential mortgage originators,
and real estate brokers regulation provided; and deceptive use of a financial
institution name prohibited.

Section 1: Financial institution powers, duties,
and reporting regulation provided.
Sec. 2: Financial insitutions acting as
trustees of health savings account authorized.
Sec. 3: Annual audit report
requirements modified.
Sec. 4: Conforming change.
Sec. 5: Federal law
compliance provided.
Sec. 6: Suspension regulations modified.
Sec. 7: Will
search, burial documents, and related documents regulations provided.
Sec. 8:
Prohibition on service as a residental mortgage originator provided.
Sec. 9:
Trust account provisions modified.
Sec. 10: Renewal license regulations
modified.
Sec. 11: Voluntary dissolution authorized.
Sec. 12: "Loan broker"
definition modified.
Sec. 13: "Real estate broker" definition modified.
Sec.
14: Escrow account language modified.
Sec. 15: Technical reference added.
Sec.
16: Financial institution liability limit modified.
Sec. 17: Deceptive use of
financial institution name, trade name, logo, or tagline prohibited.
Sec. 18:
Repealer.
Sec. 19: Effective date.

AME
4-27-05