H.B. 95-1035 Depository institutions - compliance review committees - confidentiality. Declares that documents prepared for or by a depository institution compliance review committee, including documents delivered to a federal or state agency, are confidential and not discoverable or admissible in evidence in any civil action that arises out of a matter evaluated by the committee. States that a person's testimony in a civil proceeding about a matter that concerns his or her participation in a compliance review activity or about compliance review documents shall be inadmissible.
States that a governmental agency is not limited in its ability to use compliance review documents, but that such documents shall remain confidential and not discoverable or admissible in evidence in any civil action brought by other than a governmental agency.
APPROVED by Governor April 13, 1995
EFFECTIVE April 13, 1995
H.B. 95-1111 Banking - interstate branch banking - prohibition - "opt out" under federal Riegle-Neal law. A provision in the federal "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994" allows states acting prior to June 1, 1997, to prohibit interstate branch banking by state and national banks into and out of such states' borders, thereby "opting out" of provisions of the federal law authorizing interstate branch banking. This legislation exercises Colorado's authority under the federal law by prohibiting interstate branch banking either through the acquisition of existing branches or through the formation of new branches.
VETOED by Governor March 10, 1995
H.B. 95-1200 Credit unions - rate schedules - member account verification. With regard to credit unions, authorizes the commissioner of the division of financial services to:
Allows the supervisory committee of a credit union to verify member accounts through random sampling, in addition to current methods.
APPROVED by Governor March 23, 1995
EFFECTIVE March 23, 1995
H.B. 95-1355 Banking - interstate branch banking - conformity of state banking statutes with federal law. Conforms the "Colorado Banking Code of 1957" and related statutes with the "Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994" and the "Riegle Community Development and Regulatory Improvement Act of 1994". Repeals or amends provisions of the "Colorado Banking Code of 1957" and related statutes which have been either superseded by or require conformity to federal law, including those provisions which are no longer applicable as a result of expired statutory time periods.
APPROVED by Governor May 24, 1995
EFFECTIVE July 1, 1995
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