Adopted Standing Committee by SMinerals
Wyoming2015Enacted
SF0065
Wyoming Savings and Loan Association Rules Update
Last scannedOct 18, 2026, 2:19 AM
In one sentence
This law updates rules for savings and loan associations in Wyoming to include mutual associations, changes who handles federal oversight, and updates the duties of the state banking commissioner.
What it does
- Defines a mutual savings and loan association as a savings and loan association or bank without stock where borrowers and depositors are members with voting rights.
- Requires the state banking commissioner to ensure associations are approved and their savings are insured by the Federal Deposit Insurance Corporation (FDIC).
- Updates rules for reorganizing or converting between state and federal charters to include mutual associations.
- Replaces references to the Office of Thrift Supervision with the appropriate federal banking regulatory agency or the Comptroller of the Currency.
- Exempts mutual savings and loan associations from specific capital stock requirements that apply to other associations.
Who it affects
- Savings and loan associations chartered in Wyoming.
- Mutual savings and loan associations.
- The State Banking Commissioner.
- Federal banking regulatory agencies.
Limits and unknowns
- The specific federal agency that replaces the Office of Thrift Supervision is not named in the text, only referred to as the 'appropriate federal banking regulatory agency.'
- The bill text provided is an excerpt and may not contain every section of the full law.
Plain language
Terms to know
- Mutual savings and loan association
- A savings and loan association or bank without stock where borrowers and depositors are members and have voting rights.
- Office of Thrift Supervision
- A federal agency that no longer exists; the law removes references to it.
- Appropriate federal banking regulatory agency
- The federal agency that now handles oversight duties previously assigned to the Office of Thrift Supervision.
Official record
Sources
Read the official summary
Summary for LSO115 Bill No.: SF0065 Effective : 7/1/2015 LSO No.: 15LSO-0151 Enrolled Act No.: SEA 28 Chapter No.: 68 Prime Sponsor: Kinskey Catch Title: Savings and loan associations. Subject: Revisions related to savings and loan associations and mutual savings and loan associations. Summary/Major Elements: Existing law specifies requirements for savings and loan associations chartered in this S tate under the S tate B anking B oard. This bill specifies how those existing requirements apply to mutual savings and loan associations and provides a definition of mutual savings and loan associations. The bill revises the duties of the S tate Ba nking C ommissioner related to examinations of savings and loan associations to match the requirements of bank examinations. The bill also repeals provisions referring to the O ffice of T hrift S upervision which no longer exists. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Why lawmakers voted
Last checked Sep 12, 11:00 AM
Couldn't find a published reason.
Wyoming roll calls
Recorded votes
4 roll calls
H 3rd Reading:Passed 55-4-1-0-02015-02-25 · House55 yes 4 no
- Yes
- 55
- No
- 4
- Absent
- 0
- Excused
- 1
- Conflict
- 0
Yes 55
Albert P Sommers Jr.H20Allen M JaggiH19Andrew W SchwartzH23Bob NicholasR · H08BROWN SPEAKERCarl R LoucksH59Catherine R ConnollyH13Charles F PelkeyH45Cheri SteinmetzR · H05Clifford M JenningsH30Dan R KirkbrideH04David R MillerH55Elaine HarveyH26Eric BarlowR · H03Fred A BaldwinH18Garry C PiiparinenH49Glenn W MonizH46Hans HuntH02Harlan J EdmondsH12James R AllenH33James W ByrdH44Jerry D PaxtonH47JoAnn R DaytonH17John C EklundH10John L FreemanH60Kendell R KroekerH35LARSEN LLOYDLAURSEN DANMark H BakerH48Martha D HalversonH22Mary A ThroneH11Michael D GreearH27Michael K MaddenH40Nathan A WintersH28Norine A KasperikH32Richard L CannadyH06Rita CampbellH34Robert M McKimH21Rosie M BergerH51Roy H EdwardsH53Ruth A PetroffH16Samuel P KroneH24Scott M ClemH31Stanley L BlakeH39Steve HarshmanR · H37Susan S WilsonH07Theodore J BlackburnH42Thomas A LockhartH57Thomas F ReederH58Thomas J WaltersH38Timothy M StubsonH56Tyler E LindholmH01William H PownallH52ZWONITZER, DNZWONITZER, DV
Excused 1
Minerals:Recommend Do Pass 9-0-0-0-02015-02-20 · House9 yes 0 no
S 3rd Reading:Passed 29-0-1-0-02015-01-26 · Senate29 yes 0 no
- Yes
- 29
- No
- 0
- Absent
- 0
- Excused
- 1
- Conflict
- 0
Yes 29
ANDERSON J.D.ANDERSON J.L.Bernadine CraftS12Bill LandenR · S27Bruce Burns Jr.S21Cale CaseR · S25Charles ScottR · S30Chris RothfussD · S09Curtis MeierS03Dan DockstaderR · S16David A KinskeyS22Drew A PerkinsS29Eli D BeboutS26Floyd EsquibelS08Fred M EmerichS05Gerald E GeisS20Henry R CoeS18Jeff WasserburgerS23John HastertS13Larry HicksR · S11Leland G ChristensenS17Michael J Mr. Von FlaternS24Ogden DriskillR · S01Paul R BarnardS15Ray R PetersonS19Stan CooperS14Stephan PappasR · S07Tony RossS04Wayne H JohnsonS06
Excused 1
Minerals:Recommend Amend and Do Pass 5-0-0-0-02015-01-22 · Senate5 yes 0 no
- Yes
- 5
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
Official activity
Bill history
- Assigned Chapter NumberLSO
- Governor Signed SEA No. 0028 Governor
- H Speaker Signed SEA No. 0028House
- S President Signed SEA No. 0028Senate
- Assigned Number SEA No. 0028LSO
- H 3rd Reading:Passed 55-4-1-0-0House
- H 2nd Reading:PassedHouse
- H COW:PassedHouse
- H Placed on General FileHouse
- Minerals:Recommend Do Pass 9-0-0-0-0House
- H Introduced and Referred to H09 - MineralsHouse
- H Received for IntroductionHouse
- S 3rd Reading:Passed 29-0-1-0-0Senate
- S 2nd Reading:PassedSenate
- S COW:PassedSenate
- Amendment AdoptedSenate
- S Placed on General FileSenate
- Minerals:Recommend Amend and Do Pass 5-0-0-0-0Senate
- S Introduced and Referred to S09 - MineralsSenate
- S Received for IntroductionSenate
Changes
Amendments
1 stored