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Notice of Proposed Regulations: Credit Union Bylaws Repeal

The California Department of Business Oversight has filed a Notice of Rulemaking Action with the Office of Administrative Law.  The proposed regulatory action would repeal section 30.105 of title 10 of the California Code of Regulations, which requires credit union bylaw amendments to be approved by the Commissioner of Business Oversight.  This proposed regulation would also amend section 30.60, subdivision (d) (2) to remove the reference to section 30.105.


The Department of Business Oversight is re-posting this Notice of Proposed Regulations because the time period for submitting written comments on the proposed regulations has been changed.  The Notice of Proposed Rulemaking, originally posted on the Department of Business Oversight's website on June 23, 2017, included incorrect dates for the written comment period.


The new 45-day written comment period will begin on July 12, 2017 and end on August 28, 2017.  The Notice has been revised to include the new written comment period.  Other than the change in the time for submitting written comments to the Department of Business Oversight, no other changes have been made to the Notice, Initial Statement of Reasons, or Proposed Text.


 A copy of the Notice, Initial Statement of Reasons, and proposed text can be found on the Department of Business Oversight’s website here.


The deadline to submit comments is August 28, 2017.

 

 Comments may be e-mailed to regulations@dbo.ca.gov.