TASK FORCE TO STUDY MODERNIZATION OF CREDIT UNION LAW

John C. Astle, Co-Chair (chosen by Senate President)
Maggie L. McIntosh, Co-Chair (chosen by House Speaker)

Appointed by Governor: David H. Bussard; Deborah D. DiBlasio; Teresa A. Halleck; Stephen D. Hannan; Bert J. Hash, Jr.; Marilyn L. Jumalon; Maureen W. McAtee; Robert E. Noll; Marysabel Rodriguez-Nanney, Esq.

Appointed by Senate President: John C. Astle; John J. Hafer.

Appointed by House Speaker: David R. Brinkley; Maggie L. McIntosh.

Appointed by Secretary of Labor, Licensing, & Regulation: Emelda P. Johnson

Ex officio: Mary Louise Preis, Commissioner of Financial Regulation

Staff: Tamela D. Burt (410) 946-5530
Laura P. Lodge (410) 946-5350

c/o Office of Policy Analysis
Dept. of Legislative Services
90 State Circle
Annapolis, MD 21401 - 1991
(410) 946-5530, (301) 970-5530


Final Report to General Assembly due Dec. 1, 2000.

The Task Force to Study Modernization of Credit Union Law was created in 1999 (Chapter 604, Acts of 1999). The Task Force is undertaking a comprehensive study of Maryland laws that apply to or affect State-chartered credit unions. It will consider changes in federal law since 1934 that affect credit unions; how other states have adapted to changes in federal law; and current Maryland laws for chartering credit unions. The Task Force will draft revisions to the State's credit union law (Code Financial Institutions Article, Title 6).

The Task Force submitted its interim report on December 21, 1999. Authorization for the Task Force expires June 30, 2001.

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July 18, 2000   
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