HB 106-FINANCIAL INSTITUTIONS  CHAIRMAN TAYLOR announced that HB 106 is a companion to SB 66, which was amended to include credit cards and to reflect a compromise between banking institutions and the state examiner. HB 106 is now blended into SB 66. He called for a motion to adopt the committee substitute. SENATOR COWDERY moved to adopt Bannister 5/2/01 committee substitute as the working document. There was no objection. MR. TERRY ELDER, Director, Division of Banking, Securities & Corporations testified that he had reviewed the committee substitute and it appeared to include all the changes made in SB 66. SENATOR COWDERY moved SCS HB 106(JUD) from committee with individual recommendations. SENATOR THERRIAULT objected for the purpose of asking a question. He asked whether or not an amendment in his file had been incorporated in the committee substitute. SENATOR COWDERY withdrew his motion. MS. MARGIE VANDOR, Assistant Attorney General, Civil Division, Department of Law, testified that the reason for the amendment is that the bill changes status quo of current law regarding when a bank is reimbursed for costs to comply to an order. The amendment makes it clear that unless it is an administrative order separate from another requirement, the bank will not be reimbursed for those costs. SENATOR THERRIAULT questioned the clarity of the wording on page 3, line 10 and further whether Banking and Securities had been involved in the changes. MR. ELDER repeated that his department had reviewed the document and had no objections. SENATOR THERRIAULT moved conceptual amendment one for the purpose of allowing the drafter to reexamine the wording on page 3, line 10. There being no objection, the motion passed. CHAIRMAN TAYLOR called for additional testimony and received no response. He asked for a motion. SENATOR COWDERY moved SCS CSHB 106(JUD) with conceptual amendment and fiscal notes from committee with individual recommendations. There being no objection, the bill moved from committee.