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