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Introduced Version Senate Bill 308 History

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Key: Green = existing Code. Red = new code to be enacted


Senate Bill No. 308

(By Senators Ross, Anderson, Minard,

Snyder, Unger and Minear)

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[Introduced March 2, 2001; referred to the

Committee on Banking and Insurance;

and then to the Committee on the Judiciary.]

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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 five, relating to authorizing the commissioner of banking to promulgate a legislative rule 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 five, to read as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.

§64-7-5. Commissioner of banking.

The legislative rule filed in the state register on the thirtieth day of August, two thousand, under the authority of section twenty-six, article four, chapter thirty-one-a, of this code, modified by the commissioner of banking to meet the objections of the legislative rule-making review committee and refiled in the state register on the twenty-sixth day of October, two thousand, relating to the commissioner of banking (legal lending limit, 106 CSR 9), is authorized.

NOTE: The purpose of this bill is to authorize the Commissioner of Banking to promulgate a legislative rule relating to the Legal Lending Limit.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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