Senate Amendment 1
H 5538 - Session 126 (2025-2026)
Guarantee Banking Act

Senator Bennett proposes the following amendment (SR-5538.CEM0002S):

Amend the bill, as and if amended, SECTION 2, by striking Section 34-47-20(D) and inserting:

 (D) Unless otherwise prohibited or otherwise required by federal law, the financial institution shall transmit the statement of specific reasons via U.S. mail and or electronic mail, if known to the financial institution, within thirty days of receiving the person's request.

Renumber sections to conform.

Amend title to conform.