Bill
S 408
Overview: S 408 is a joint resolution to approve regulations of the State Board of Financial Institutions, relating to electronic fund transfers.Purpose and Intent: The joint resol
Overview: S 408 is a joint resolution to approve regulations of the State Board of Financial Institutions, relating to electronic fund transfers.
Purpose and Intent: The joint resolution aims to review and approve the regulations proposed by the State Board of Financial Institutions regarding electronic fund transfers, ensuring that these regulations are properly implemented and have the necessary legislative approval.
Key Provisions:
- Approves the regulations proposed by the State Board of Financial Institutions related to electronic fund transfers
- Authorizes the implementation and enforcement of these regulations by the State Board of Financial Institutions
Affected Parties and Impacts: The resolution affects the State Board of Financial Institutions, as well as financial institutions and consumers who engage in electronic fund transfers within the state. The approved regulations will govern the processes and requirements for these transactions.
Procedural and Timeline Considerations: S 408 has been recommitted to the Senate Committee on Banking and Insurance for further consideration. The committee will review the joint resolution and the proposed regulations, potentially making amendments or recommendations before sending it back to the full Senate for a vote.
Compiled from official sources — confirm details with the bill’s official record.
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