2E Relating to commerce; modifying certain provisions regulating financial institutions; authorizing certain financial corporations to act as trustees or custodians of health savings accounts under the medicare prescription drug, improvement and modernization act of 2003; eliminating the requirement for banks and trust companies to send copies of annual audit reports to the commissioner of commerce; authorizing financial intermediaries to choose to comply with certain federal customer in opening customer checking accounts; prescribing separate inventory procedures for empty safe deposit boxes and providing for surrender; prohibiting service as a residential mortgage originator by persons convicted of criminal offenses involving dishonesty or breach of trust or money laundering, specifying certain de minimis exceptions and providing for prior consent by the commissioner; clarifying certain mortgage originator and real estate broker advance fee requirements, defining advance fee and modifying the definition of real estate broker; providing for automatic renewal of insurance licenses upon the payment of required fees; providing for voluntary dissolution of fraternal benefit societies; expanding the limit on liability of financial institutions providing information on stolen, forged or fraudulent checks to information used by banking industry antifraud databases; prohibiting deceptive use of financial institution names in solicitations of customers for financial services; eliminating certain obsolete references to the credit union advisory task force (council); repealing a certain rule requiring financial institution boards of directors to respond to annual examination reports
(mk, ja)