BANKING AND FINANCE Financial Institutions: Housekeeping Changes

The Act amends many provisions in the Code regarding the regulation of lending institutions. The Act specifies qualifications and service level for certain personnel of the Department of Banking and Finance. The Act changes provisions relating to various fees which the Department of Banking and Finance may charge. The Act changes provisions relating to the payment of deposits of, and checks payable to, intestate, deceased persons. The Act changes provisions relating to investigations of banks and trust companies. The Act adds a prohibition on certain lending of funds held in trust by banks or trust companies. The Act changes merger, consolidation, and conversation provisions. The Act expands branch banking provisions. The Act makes a technical change in the law governing certain currency transactions. The Act changes provisions relating to licensing, registration, exemption, and investigation of mortgage lenders and brokers. Finally, the Act changes provisions relating to prohibited acts, reports, and financial statements of mortgage lenders and brokers