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2010 SESSION

• | print version

HB 547 Nationwide Mortgage Licensing System & Registry; requires mortgage lenders and brokers to register.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Mortgage lenders and mortgage brokers; Nationwide Mortgage Licensing System and Registry. Requires all mortgage lenders and mortgage brokers whose employees are required to be licensed as mortgage loan originators to register with the Nationwide Mortgage Licensing System and Registry. The Registry has been developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators. The State Corporation Commission may enter into agreements with the Registry setting conditions for the collection of information and fees. This is a recommendation of the Virginia Housing Commission. The measure also extends the maximum duration of a provisional mortgage loan originator license from 6 months to 12 months.

FULL TEXT

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10102384D  pdf | impact statement
• 03/03/10  House: Bill text as passed House and Senate (HB547ER)  pdf | impact statement
• 04/13/10  House: Governor's substitute printed 10106220D-H1  pdf
• 04/21/10  House: Reenrolled bill text (HB547ER2)  pdf
• 04/21/10  Governor: Acts of Assembly Chapter text (CHAP0831)  pdf

AMENDMENTS

• Governor's recommendation

HISTORY

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10102384D
• 01/12/10  House: Referred to Committee on Commerce and Labor
• 01/21/10  House: Reported from Commerce and Labor (22-Y 0-N)
• 01/25/10  House: Read first time
• 01/26/10  House: Read second time and engrossed
• 01/27/10  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 01/27/10  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 01/28/10  Senate: Constitutional reading dispensed
• 01/28/10  Senate: Referred to Committee on Commerce and Labor
• 02/22/10  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/24/10  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/25/10  Senate: Read third time
• 02/25/10  Senate: Passed Senate (40-Y 0-N)
• 03/03/10  House: Enrolled
• 03/03/10  House: Bill text as passed House and Senate (HB547ER)
• 03/03/10  House: Signed by Speaker
• 03/06/10  Senate: Signed by President
• 04/13/10  House: Governor's recommendation received by House
• 04/13/10  House: Governor's substitute printed 10106220D-H1
• 04/20/10  House: Placed on Calendar
• 04/21/10  House: House concurred in Governor's recommendation (95-Y 0-N)
• 04/21/10  House: VOTE: --- ADOPTION (95-Y 0-N)
• 04/21/10  Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
• 04/21/10  Governor: Governor's recommendation adopted
• 04/21/10  House: Reenrolled
• 04/21/10  House: Reenrolled bill text (HB547ER2)
• 04/21/10  House: Signed by Speaker as reenrolled
• 04/21/10  Senate: Signed by President as reenrolled
• 04/21/10  House: Enacted, Chapter 831 (effective 7/1/10)
• 04/21/10  Governor: Acts of Assembly Chapter text (CHAP0831)