Amendment ID: H4110-2
Amendment 2
Banking Laws
Mr. Brewer moves to amend the bill by striking out, in line 15, the figure “1206” and inserting in place thereof the following figure:- “1026”; and
by striking out, in line 75, the words “federal Community Reinvestment Act of 1977” and inserting in place thereof the following words:- “community reinvestment act in section 14”; and
by inserting after section 27 the following section:-
“SECTION 27A. The second paragraph of section 3 of said chapter 167B, as so appearing, is hereby amended by striking out the last sentence.”; and
by striking out, in lines 359 and 360, the words:- “; provided, however, that “financial institution” shall mean a bank for the purposes of the first, second and third paragraphs of section 3 and for the purposes of section 4”; and
by striking out, in line 834, the words “; provided, however, such” and inserting in place thereof the following words:- “. If, in the opinion of the commissioner, there is an unusual demand by depositors for withdrawals, the bank shall upon the commissioner’s order require such a depositor to give written notice of the depositor’s intention to withdraw the whole or any part of such deposits or to apply for a loan secured by such deposit. Such”; and
by striking out, in lines 1140 and 2212, the word “consistent” and inserting in place thereof the following words:- “not inconsistent”; and
by adding the following section:- “SECTION 65. Notwithstanding any general or special law to the contrary, the Massachusetts gaming commission shall prohibit a gaming licensee from (i) installing, owning or operating an automated teller machine in the gaming area, as defined in section 2 of chapter 23K of the General Laws, or (ii) allowing another person to install, own or operate an automated teller machine in the gaming area, as defined in said section 2 of said chapter 23K. For the purposes of this section, the prohibition shall include, but not be limited to, an automated teller machine or electronic branch of any state or federally-chartered bank, state or federally-chartered credit union or foreign bank.”