Modifies provisions relating to the Division of Finance

Summary

The bill establishes a dedicated Consumer Licensing Fund funded by licensure fees and changes the assessment system so banks and trust companies pay for the Division of Finance’s expenses, including examinations and staff salaries. It also requires the division to use an equitable salary schedule for examiners and caps their pay at 90% of comparable federal positions. The goal is to fully fund the division’s activities without using the general revenue fund.

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