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ADVOCACY UPDATE




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Banking Committee Updates

2/22/2019

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Both the Senate Banking & Financial Institutions Committee and the House Banks & Banking Committee held meetings this week.  
 
SB 37—Statute of Frauds by Sen. William T. Ligon, Jr. (R), Brunswick, was heard by the Senate Banking Committee on Tuesday.  The author of the bill made changes to the proposed bill in an effort to mitigate concerns raised at the previous committee meeting.  However, several concerns remained after the discussion of the changes.  The Committee ran out of time to hear testimony of all that had signed up on the bill; however, the author of the bill promised to continue working on perfecting the language to satisfy the remaining concerns.
 
HB 185—Financial Institutions, by Rep. Bruce Williamson (R), Monroe, was voted upon by the House Banks & Banking Committee.  The bill received a do pass motion from the Committee on Wednesday.  CBA will continue to monitor the progress of the bill.
 
HB 193—Banking and Finance,
by Rep. Emory Dunahoo (R), Gainesville, relating to the savings promotion raffles offered by state-charted banks and credit unions was voted upon by the House Banks & Banking Committee.  The bill received a do pass motion from the Committee on Wednesday.  A request has been made to amend the bill to clarify that consumers should not have to pay a fee in order to participate in the raffle.  CBA will continue to monitor the progress of the bill. 

HB 212–Manufactured Homes 
relating to exemptions for retailers, retail brokers of manufactured homes or mobile homes from a mortgage lender and broker license was heard by the House Banks & Banking Committee.  As drafted, CBA has concerns with this bill as it may have a significant, negative impact to the Department of Banking & Finance.  However, the author of the bill and the Department of Banking & Finance have been in discussions and an amendment to the bill will be made.  The author promised to have an amended bill at the next committee meeting.  CBA will continue to monitor this bill. ​

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    Authors
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    Lori Godfrey
    EVP, Chief of Staff, Government & Regulatory Relations

    Tyler Eck
    Government and Regulatory Relations Associate


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  • Home
  • About CBA
    • Member Login
    • Board of Directors
    • Membership Overview
    • CBA Committees
    • Our Team
    • Remembering Julian Hester
    • Directions to Our Office
  • Contact
  • Membership
    • Member Directory >
      • Bank Listing Update
    • Preferred Service Providers
    • Associate Member Directory >
      • Company Listing Update
    • Associate Member Benefits & Application
    • Member Benefits
    • Excecutive Channel
    • CBA Wellness Solutions >
      • Peachy Posts
  • Professional Development
    • CBA University >
      • Calendar
      • Webinar Series
      • Archived Webinars
      • Barret School of Banking
      • 2021 Compliance Professionals Package
      • HR & Talent Development League
      • The Community Bank Leadership Academy
      • Compliance Resources
      • Cancellation Policies & Facility Maps
      • Speakers
      • Venue Availability
      • Southeastern Community Bankers Association
    • Conventions/Events >
      • 53rd Annual Convention & Mini-Trade Show
      • Banker Regulatory Forum >
        • Banker Regulatory Forum Questions
      • Small Business Day at the Dome
      • PAC/PR Fundraising Events >
        • PAC/PR Clay Shoot
      • Call for Presentations
  • COMMUNICATIONS
    • Communications Overview
    • Advertising Opportunities
    • Sponsorship Opportunities
    • Quarterly Marketing Toolkits >
      • February - I Love My Community Bank
    • Georgia Communities First Magazine
    • Julian & Jan Hester Scholarship
    • Walraven Scholarship
    • eNewsletter - CBA Today
    • Lifetime Service Awards
  • Advocacy
    • Advocacy Update
    • Priority Legislation SB 157 >
      • SB 157 Survey
    • Locate Your Legislator
    • CBA's PAC/PR Fund >
      • Corporate Donations
      • Individual Donations
    • ICBA Plan for Prosperity
  • Resources
    • THE CARES ACT & SBA LENDING
    • Paycheck Protection Program
    • Disaster & Pandemic Support & Preparedness
    • CBA Legal Hotline
    • PSP & Associate Member Support During Covid-19
    • CBA Career Center
    • Rise Up - College Student Development Program
    • Georgia Financial Directory
    • ICBA
    • Salary Survey
    • Financial Literacy
    • Useful Websites
    • FDIC Regulatory Calendar
    • CBA Privacy Policy