H. B. 2141
(By Delegates Gallagher, Douglas, Compton, Linch,
Faircloth and Riggs)
(Introduced January 23, 1995; referred to the
Committee on Banking and Insurance then the
Judiciary.)
A BILL to amend article seven, chapter sixty-four of the code of
West Virginia, one thousand nine hundred thirty-one, as amended,
by adding thereto a new section, designated section nine,
relating to authorizing the division of banking to promulgate
legislative rules relating to the legal lending limit.
Be it enacted by the Legislature of West Virginia:
That article seven, chapter sixty-four of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section nine, to
read as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO
PROMULGATE LEGISLATIVE RULES.
§64-7-9. Division of banking.
The legislative rules filed in the state register on the twelfth
day of August, one thousand nine hundred ninety-four, modified by the
division of banking to meet the objections of the legislative
rule-making review committee and refiled in the state register on the
second day of November, one thousand nine hundred ninety-four,
relating to the division of banking (legal lending limit), are
authorized.
NOTE: The purpose of this bill is to authorize the Division of
Banking to promulgate legislative rules relating to the legal lending
limit.
This section is new; therefore, strike-throughs and underscoring
have been omitted.