|
House Bill 2579 |
House Author: Holland et al. |
|
Effective: 9-1-17 |
Senate Sponsor: Buckingham |
House Bill 2579 amends the Finance Code to require a savings bank to maintain a financial institution bond, instead of an indemnity bond, to protect the bank from certain losses. The bill changes the types of losses for which the bond must provide adequate coverage and revises provisions relating to a collection agent employed by a savings bank who is not covered by such a bond.