Substitute for Raised S.B. No. 1398
Session Year 2025
 


AN ACT CONCERNING COMMUNITY REINVESTMENT BY BANKS AND CREDIT UNIONS.

To (1) define "minority", "minority-owned business" and "women-owned business" for the purposes of banking and credit union statutes concerning community reinvestment, (2) add various references to minority or women-owned businesses to banking and credit union statutes concerning community reinvestment, (3) require mortgage lenders to file certain reports and records, (4) require inspections of mortgage lenders, and (5) require examinations of certain mortgage lenders to assess such lenders' compliance with fair lending laws.

Introduced by:
Banking Committee

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Bill History

 Date Action Taken
 3/27/2025(LCO)File Number 292
 3/27/2025Senate Calendar Number 192
 3/27/2025Favorable Report, Tabled for the Calendar, Senate
 3/27/2025(LCO)Reported Out of Legislative Commissioners' Office
 3/21/2025(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM
 3/11/2025(LCO)Filed with Legislative Commissioners' Office
 3/11/2025(BA)Joint Favorable Substitute
 2/28/2025Public Hearing 03/04
 2/27/2025Referred to Joint Committee on Banking

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