Friday, June 14, 2013

Act 208 (2010), Relating to Private Guards

Effective July 1, 2013, Act 208 (2010) establishes new registration and licensure requirements, including training, instruction, and continuing education for guards and individuals acting in a guard capacity. Your League has been researching the possible effects of this law on credit unions. If your credit union employs a “security officer” or “guard,” that person will need to be registered and licensed by the Board of Private Detectives and Guards.  Currently, guidelines and definitions are being developed by the Board of Private Detectives and Guards, which is a Board under the Professional and Vocational Licensing Division of the Department of Commerce and Consumer Affairs.

Click here to read the entire memo.

Thursday, June 6, 2013

2013 End of Session Report

In a year that marked progress of a slowly recovering economy as well as leadership changes in the Senate and House of Representatives, your League was successful in holding off serious threats to credit unions and other businesses. Although there were still many bills designed to protect consumers on the table this legislative session, potential harm to credit unions was kept to a minimum. Most importantly, the credit union general excise tax exemption on purchase of tangible personal property, which was suspended in 2011, will be reinstated on July 1, 2013.

Click this link to view the 2013 end of session report.