Special purpose depository institution-amendments.

Summary

The bill raises the minimum capital stock for special purpose depository institutions to $5 million, requires a paid‑up surplus of at least 20% of authorized capital and three years of operating expense reserves, and changes how they apply for and begin operations. It also creates a resolution fund financed by a portion of supervisory fees to cover costs if an institution is involuntarily dissolved. The changes affect existing and future special purpose depository institutions, the state banking commissioner, and the courts that hear appeals.

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