Senate Bill No. 169
(By Senators Ross, Anderson, Boley,
Buckalew, Grubb and Macnaughtan)
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[Introduced January 29, 1996; referred to the
Committee on Banking and Insurance; and then
to the Committee on the Judiciary.]
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A BILL to amend and reenact section two, article seven,
chapter sixty-four of the code of West Virginia,
one thousand nine hundred thirty-one, as amended,
relating to authorizing the division of banking to
promulgate legislative rules relating to the West
Virginia consumer credit and protection act.
Be it enacted by the Legislature of West Virginia:
That section two, article seven, chapter sixty-four
of the code of West Virginia, one thousand nine hundred
thirty-one, as amended, be amended and reenacted, to read
as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND
REVENUE TO PROMULGATE LEGISLATIVE RULES.
§64-7-2. Division of banking.
(a) The legislative rules filed in the state
register on the twelfth day of August, one thousand nine
hundred ninety-four, authorized under the authority of
section twenty-six, article four, chapter thirty-one-a,
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,
106 CSR 9), are authorized.
(b) The legislative rules filed in the state
register on the twelfth day of August, one thousand nine
hundred ninety-four, authorized under the authority of
section thirty-three, article four, chapter thirty-one-a,
relating to the division of banking (notice and treatment
of joint accounts, 106 CSR 17), are authorized.
(c) The legislative rules filed in the state
register on the twenty-eighth day of July, one thousand
nine hundred ninety-five, authorized under the authority
of section four, article two, chapter thirty-one-a, of this code, 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 first
day of December, one thousand nine hundred ninety-five,
relating to the division of banking (West Virginia
consumer credit and protection act, 106 CSR 4), are
authorized.
NOTE: The purpose of this bill is to authorize the
Division of Banking to promulgate legislative rules
relating to the West Virginia Consumer Credit and
Protection Act.
Strike-throughs indicate language that would be
stricken from the present law, and underscoring indicates
new language that would be added.