Enrolled House Bill (H)

Authored by

DIGEST

Securities. Provides that living residents of bankrupt continuing care retirement communities who executed a continuing care agreement before July 1, 2009, are eligible to receive distributions from the guaranty association fund. (Current law provides that any living resident of a bankrupt continuing care retirement community is eligible to receive distributions from the guaranty association fund.) Removes a provision that provides that IC 4-21.5 (laws governing administrative orders and proceedings) does not apply to certain provisions regulating loan brokers. Removes certain provisions concerning transactions involving securities that are exempt from registration. Provides that IC 4-21.5 (laws governing administrative orders and proceedings) Securities. Provides that living residents of bankrupt continuing care retirement communities who executed a continuing care agreement before July 1, 2009, are eligible to receive distributions from the guaranty association fund. (Current law provides that any living resident of a bankrupt continuing care retirement community is eligible to receive distributions from the guaranty association fund.) Removes a provision that provides that IC 4-21.5 (laws governing administrative orders and proceedings) does not apply to certain provisions regulating loan brokers. Removes certain provisions concerning transactions involving securities that are exempt from registration. Provides that IC 4-21.5 (laws governing administrative orders and proceedings) and any rules of practice adopted by the securities division are applicable to administrative proceedings under the uniform securities act. (Current law provides that IC 4-21.5 is not applicable to administrative proceedings under the uniform securities act.) Makes a correction. ... View more