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Sen. Kimberly A. Lightford
Filed: 2/25/2004
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09300SB3027sam001 |
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LRB093 20880 WGH 48103 a |
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| AMENDMENT TO SENATE BILL 3027
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| AMENDMENT NO. ______. Amend Senate Bill 3027 by replacing |
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| lines 16 through 36 on page 17 and lines 1 through 9 on page 18 |
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| with the following:
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| "(25) Notwithstanding any other provisions of this Act or |
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| any other law,
to offer any product or service that is at the |
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| time authorized or permitted to
any federally insured savings |
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| association or out-of-state bank
depository institution by |
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| applicable law,
subject only to the same limitations and |
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| restrictions that are applicable to the federally insured |
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| depository institution for the product or service by such |
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| applicable law, and subject to rules of the Commissioner,
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| provided that powers
conferred only by this subsection (25):
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| (a) (blank);
shall always be subject to the same |
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| limitations and restrictions that
are applicable to the |
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| insured savings association or out-of-state bank for
the |
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| product or service by
such applicable law;
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| (b)
shall be subject to applicable provisions of the |
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| Financial
Institutions Insurance Sales Law;
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| (c)
shall not include the right to own or conduct a |
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| real estate brokerage
business for which a license would be |
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| required under the laws of this State;
and
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| (d) (blank);
shall not be construed to include the |
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| establishment or maintenance of
a branch, nor shall they be |
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| construed to limit the establishment or maintenance
of a |