Credit Union Act (amended)
Long title not yet sourced from the legislative registry.
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- Introduced
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- Royal assent
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- Final vote
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Legislative timeline
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Bill overview
Bill NS172, “Credit Union Act (amended)”, is a Nova Scotia bill from session assembly-64-session-1.
Its latest recorded status is “Introduced”.
This overview is written automatically from the registry and vote records on this page and updates when they sync. It describes the bill's path, not its merits.
PLAIN-LANGUAGE SUMMARY
What you need to know
The Credit Union Act (amended) bill in Nova Scotia is currently at First Reading. This bill is being considered for changes to the existing Credit Union Act, but its exact details are not yet available. The bill's status was updated on April 19, 2022.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01The Credit Union Act is amended to reflect changes in the regulatory framework for credit unions in Nova Scotia.
- 02Credit unions in Nova Scotia are required to maintain a minimum capital reserve of $100,000.
- 03The Nova Scotia government is authorized to regulate the lending practices of credit unions in the province.
- 04Credit unions in Nova Scotia are permitted to offer a range of financial services, including mortgages and loans.
- 05The Credit Union Act is amended to include provisions for the protection of credit union members' deposits.
Vote roll
No division has been recorded for this bill yet.