HB902
Financial institutions; out-of-state credit unions.
Status:
In Senate
Latest Action:
Feb. 12, 2026
Senate: Referred to Committee on Commerce and Labor
Chief Patron:
Alfonso Lopez (D)
Session:
2026 Regular Session
Summary
As Introduced. Financial institutions; out-of-state credit unions.
Clarifies that the National Credit Union Administration is not required to designate an agent for service of process and agree that in the absence of such designation service may be upon the clerk of the State Corporation Commission. Current law requires out-of-state credit unions conducting business in the Commonwealth to ... (More) have any insurer of shares designate such an agent and agree to such service in the absence of such a designation. (Less)-
Bill History
- 01/13/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26103287D
- 01/13/2026 - House: Referred to Committee on Labor and Commerce
- 01/22/2026 - House: Assigned HCL sub: Subcommittee #1
- 01/25/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB902)
- 01/30/2026 - House: Placed on Labor and Commerce Agenda
- 02/03/2026 - House: Subcommittee recommends reporting (9-Y 0-N)
- 02/04/2026 - House: Placed on Labor and Commerce Agenda
- 02/05/2026 - House: Reported from Labor and Commerce (22-Y 0-N)
- 02/09/2026 - House: Read first time
- 02/10/2026 - House: Read second time and engrossed
- 02/11/2026 - House: Read third time and passed House (96-Y 0-N 0-A)
- 02/11/2026 - House: Reconsideration of passage agreed to by House
- 02/11/2026 - House: Passed House (98-Y 0-N 0-A)
- 02/12/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/12/2026 - Senate: Referred to Committee on Commerce and Labor
