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2006 SESSION

• | print version

HB 698 Mortgage brokers; dual compensation.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Mortgage brokers; dual compensation; penalties.  Provides that a state bank or mortgage lender that, pursuant to an executed originating agreement with the Virginia Housing Development Authority (VHDA), acts as an originating agent of the VHDA in connection with a mortgage loan shall not be deemed to be acting as a mortgage broker with respect to such mortgage loan.

FULL TEXT

• 01/10/06  House: Prefiled and ordered printed with emergency clause; offered 01/11/06 062831520  pdf | impact statement
• 03/01/06  House: Bill text as passed House and Senate (HB698ER)  pdf | impact statement
• 04/06/06  Governor: Acts of Assembly Chapter text (CHAP0422)  pdf

HISTORY

• 01/10/06  House: Prefiled and ordered printed with emergency clause; offered 01/11/06 062831520
• 01/10/06  House: Referred to Committee on Commerce and Labor
• 01/17/06  House: Reported from Commerce and Labor (22-Y 0-N)
• 01/19/06  House: Read first time
• 01/20/06  House: Read second time and engrossed
• 01/23/06  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 01/23/06  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 01/23/06  House: Communicated to Senate
• 01/24/06  Senate: Constitutional reading dispensed
• 01/24/06  Senate: Referred to Committee on Commerce and Labor
• 02/20/06  Senate: Reported from Commerce and Labor (14-Y 0-N)
• 02/22/06  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/22/06  Senate: VOTE: (39-Y 0-N)
• 02/23/06  Senate: Read third time
• 02/23/06  Senate: Passed Senate (40-Y 0-N)
• 02/23/06  Senate: VOTE: (40-Y 0-N)
• 02/28/06  House: Enrolled
• 03/01/06  House: Bill text as passed House and Senate (HB698ER)
• 03/01/06  House: Signed by Speaker
• 03/02/06  Senate: Signed by President
• 03/31/06  Governor: Approved by Governor-Chapter 422 (effective 3/31/06)
• 04/06/06  Governor: Acts of Assembly Chapter text (CHAP0422)