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2003 SESSION

• | print version

SB 1103 Mortgage Lender and Broker Act; predatory practices.

Introduced by: Mary Margaret Whipple | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Mortgage Lender and Broker Act; predatory practices. Contains recommendations of the Virginia Housing Study Commission to strengthen consumer protection measures in the Mortgage Lender and Broker Act. The State Corporation Commission (SCC) may suspend individuals convicted of fraud or other crimes from working in the mortgage lending industry, and registered lenders and brokers must file with the SCC a notice of the filing of bankruptcy, denial or revocation of opportunity to engage in business in another state, or felony indictments.

FULL TEXT

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/08/03 032471266  pdf | impact statement
• 02/24/03  Senate: Bill text as passed Senate and House (SB1103ER)  pdf | impact statement
• 03/25/03  Governor: Acts of Assembly Chapter text (CHAP0386)  pdf

HISTORY

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/08/03 032471266
• 01/08/03  Senate: Referred to Committee on Commerce and Labor
• 01/13/03  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 01/15/03  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/15/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/16/03  Senate: Read second time and engrossed
• 01/17/03  Senate: Read third time and passed Senate (38-Y 0-N)
• 01/17/03  Senate: VOTE: PASSAGE R (38-Y 0-N)
• 01/17/03  Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
• 01/17/03  Senate: VOTE: RECONSIDER R (39-Y 0-N)
• 01/17/03  Senate: Passed Senate (39-Y 0-N)
• 01/17/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 01/17/03  Senate: Communicated to House
• 01/24/03  House: Placed on Calendar
• 01/24/03  House: Read first time
• 01/24/03  House: Referred to Committee on Commerce and Labor
• 02/11/03  House: Reported from Commerce and Labor (21-Y 0-N)
• 02/13/03  House: Read second time
• 02/14/03  House: Read third time
• 02/14/03  House: Passed House BLOCK VOTE (99-Y 0-N)
• 02/14/03  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/24/03  Senate: Bill text as passed Senate and House (SB1103ER)
• 02/26/03  House: Enrolled
• 02/26/03  House: Signed by Speaker
• 02/27/03  Senate: Signed by President
• 03/16/03  Governor: Approved by Governor-Chapter 386 (effective 7/1/03)
• 03/25/03  Governor: Acts of Assembly Chapter text (CHAP0386)