SB 188-FN (2015): revising banking, credit union, and trust laws.

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“SB 188-FN (2015): revising banking, credit union, and trust laws.” Granite Record, https://graniterecord.org/bill/2015/sb188. Accessed 24 Oct. 2026.
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@misc{bill-2015-sb188, title = {SB 188-FN (2015): revising banking, credit union, and trust laws.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2015/sb188}, note = {Accessed 24 Oct. 2026} }

SB 188-FN (2015)

revising banking, credit union, and trust laws.

  • Status: Signed into law
  • Term: 2015-2016
  • House committee: Commerce and Consumer Affairs
  • Senate committee: Commerce
  • Subject: Banking and Finance
  • Chapter law: 272

The Story

It was introduced on January 8, 2015 and referred to the Senate Commerce committee. The committee held a public hearing on February 10, 2015. The committee recommended that the Senate pass it with changes (amendment 2015-0712s). The committee's amendment (0712s) was adopted on a voice vote on March 12, 2015, changing the text of the bill. On March 12, 2015 the Senate voted to pass it with changes on a roll call 24–0, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it with changes (amendment 2015-0999s). The committee's amendment (0999s) was adopted on a voice vote on March 26, 2015, changing the text of the bill. A floor amendment (2015-1135s), offered by Sen. Bradley, was adopted on a voice vote on March 26, 2015, changing the text of the bill. On March 26, 2015 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on April 8, 2015. The committee held work sessions on April 14, 2015, April 21, 2015 and April 30, 2015. The committee met in executive session on May 12, 2015 to vote on its recommendation. The committee voted unanimously, 19–0, to recommend that the House pass it, and the report was placed on the regular calendar. A floor amendment (2015-2020h) was rejected on a division vote 162–203 on June 3, 2015. On June 3, 2015 the House voted to pass it on a division vote 349–17. The bill was enrolled on June 24, 2015 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2015-2366e) was adopted on a voice vote to correct technical errors found after passage. The governor signed it on July 27, 2015, making it Chapter 272 of the session laws.

Sponsors

Hearings and Sessions

  • February 10, 2015, 1:30 PM: hearing, Senate Commerce, SH 100
  • April 8, 2015, 11:00 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
  • April 14, 2015, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 304
  • April 21, 2015, 2:00 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • April 30, 2015, 1:00 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • May 12, 2015, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB 302

Votes

  • March 12, 2015, Senate: Ought to Pass with Amendment — yeas 24, nays 0, passed
  • March 26, 2015, Senate: Ought to Pass with Amendments 0999s and 1135s — voice vote, passed
  • June 3, 2015, House: Adopt Floor Amendment — yeas 162, nays 203, failed
  • June 3, 2015, House: Ought to Pass — yeas 349, nays 17, passed

The Docket

  • January 8, 2015: Introduced and Referred to Commerce
  • February 10, 2015: Hearing: 2/10/15, Room 100, SH, 2:00 p.m.; SC8
  • February 10, 2015: Hearing: 2/10/15, Room 100, SH, 1:30 p.m.; SC9
  • March 4, 2015: Committee Report: Ought to Pass with Amendment #2015-0712s, NT, 3/12/15; SC12
  • March 12, 2015: Committee Amendment 0712s, NT, AA, VV
  • March 12, 2015: Ought to Pass with Amendment 0712s, NT, RC 24Y-0N, MA; Refer to Finance Rule 4-5
  • March 18, 2015: Committee Report: Ought to Pass with Amendment #2015-0999s, 3/26/15; SC14
  • March 25, 2015: Introduced and Referred to Commerce and Consumer Affairs (in recess of 3/25/2015)
  • March 26, 2015: Committee Amendment 0999s, AA, VV
  • March 26, 2015: Sen. Bradley Floor Amendment #2015-1135s, AA, VV
  • March 26, 2015: Ought to Pass with Amendments 0999s and 1135s, MA, VV; OT3rdg
  • April 8, 2015: Public Hearing: 4/8/2015 11:00 AM LOB 302
  • April 14, 2015: Subcommittee Work Session: 4/14/2015 10:00 AM LOB 304
  • April 21, 2015: Subcommittee Work Session: 4/21/2015 2:00 PM LOB 302
  • April 30, 2015: Subcommittee Work Session: 4/30/2015 1:00 PM LOB 302
  • May 12, 2015: Executive Session: 5/12/2015 1:15 PM LOB 302
  • May 13, 2015: Committee Report: Ought to Pass for Jun 3 (Vote 19-0; RC)
  • June 3, 2015: Floor Amendment #2015-2020h (NT) (Rep K. Williams): AF DV 162-203
  • June 3, 2015: Ought to Pass: MA DV 349-17
  • June 24, 2015: Enrolled Bill Amendment #2015-2366e: AA VV (in recess of 6/24/2015)
  • June 24, 2015: Enrolled Bill Amendment #2015-2366e Adopted, VV, (In recess of 06/24/2015)
  • June 24, 2015: Enrolled (in recess of 6/24/2015)
  • June 24, 2015: Enrolled (In recess 6/24/2015)
  • July 27, 2015: Signed by the Governor on 07/27/2015; Chapter 0272
  • July 28, 2015: I. Section 13 Effective 07/01/15
  • July 28, 2015: II. Sections 54, 55, 57, 61, 62 Effective 07/27/2015
  • July 28, 2015: III. Sections 53 & 56 Effective 09/25/2015
  • July 28, 2015: IV. Remainder Effective 10/01/15

Laws It Would Change

From the General Court