SB428 Alabama 2016 Session
Bill Summary
This bill would add provisions specific to federal home loan banks and insurer members of those banks to limit the authority of a receiver for an insurer in a delinquency proceeding and establish the rights and obligations of the federal home loan bank regarding collateral pledged by its insurer members involved in delinquency proceedings.
To add Section 27-32-27.1 to the Code of Alabama 1975; to add provisions specific to federal home loan banks and insurer members of those banks in delinquency proceedings; to establish the rights and obligations to limit the authority of receivers and of federal home loan banks regarding collateral pledged by its insurer members involved in delinquency proceedings.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 4, 2016 | H | Further Consideration |
| May 4, 2016 | H | McCampbell motion to Carry Over Temporarily adopted Voice Vote |
| May 4, 2016 | H | Third Reading Carried Over |
| April 27, 2016 | H | Read for the second time and placed on the calendar |
| April 26, 2016 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| April 26, 2016 | S | Motion to Read a Third Time and Pass adopted Roll Call 824 |
| April 26, 2016 | S | Third Reading Passed |
| April 26, 2016 | S | Holley motion to Carry Over to the Call of the Chair adopted Voice Vote |
| April 26, 2016 | S | Third Reading Carried Over to Call of the Chair |
| April 21, 2016 | S | Read for the second time and placed on the calendar |
| April 20, 2016 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB428 Alabama 2016 Session - Introduced |
Source: Alabama Legislature