ENGROSSED
Senate Bill No. 263
(By Senators Minard and Kessler)
____________
[Introduced January 21, 2002; referred to the Committee
on Banking and Insurance.]
____________
A BILL to amend and reenact section one hundred twelve, article
four, chapter forty-six-a of the code of West Virginia, one
thousand nine hundred thirty-one, as amended, relating to
regulated consumer lenders; and clarifying the construction of
certain terms.
Be it enacted by the Legislature of West Virginia:
That section one hundred twelve, article four, chapter forty-
six-a of the code of West Virginia, one thousand nine hundred
thirty-one, as amended, be amended and reenacted to read as
follows:
ARTICLE 4. REGULATED CONSUMER LENDERS.
§46A-4-112. Code reference to supervised lenders and industrial
loan companies; authority of the commissioner.
All references in other chapters in this code to supervised loans, supervised lenders, industrial loans, industrial loan
companies and licensees thereof, as well as to article seven,
chapter thirty-one of this code, shall, after the operative date of
this chapter and despite the repeal of said statute, be read,
construed and understood to mean and to have reference,
respectively, to regulated consumer loans, regulated consumer
lenders, regulated consumer lender licensees and to this article.
All authority vested by this chapter in the commissioner shall
be deemed considered to be in addition to, and not in limitation
of, the authority vested in the commissioner of banking by
provisions contained in other chapters of this code.