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  • Introduced
    Feb 27, 2025
  • Passed House
  • Passed Senate
  • Signed into Law
HB 7083
Connecticut House Bill
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AN ACT CONCERNING VARIOUS REVISIONS TO THE CREDIT UNION STATUTES RELATING TO LOAN OFFICERS, NONMEMBER PAYMENTS, MEMBER BUSINESS LOANS, CHARITABLE CONTRIBUTIONS, EXTENSIONS OF CREDIT, PROCEEDS OF THE RESALE OF REPOSSESSED GOODS, CAPITAL AND NET WORTH. To (1) define "loan officer" for the purposes of various statutes relating to credit unions, (2) establish that certain credit unions may receive certain payments from nonmembers, (3) redefine "member business loan" for the purposes of certain statutory provisions relating to credit union loans, (4) establish that the management of Connecticut credit unions may make certain charitable contributions and gifts, (5) establish that employees, insiders or members of the governing board of Connecticut credit unions may obtain extensions of credit with preferential rates, terms or conditions, (6) establish that a Connecticut credit union may adopt policies establishing the manner in which such Connecticut credit union characterizes the proceeds of the resale of repossessed goods, and (7) redefine "capital" and "net worth" for the purposes of various statutory provisions relating to credit unions.
Last Action See all actions
House • Feb 27, 2025: Referred to Joint Committee on Banking
Latest Bill Text See all bill texts

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  • Feb 27, 2025 | House
    • Referred to Joint Committee on Banking
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