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2010 SESSION
SB 240 Nationwide Mortgage Licensing System & Registry; mortgage lenders & brokers required to register.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Certain mortgage lenders and mortgage brokers required to register with Nationwide Mortgage Licensing System and Registry. Compels 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, developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators. The Commissioner of the Bureau of Financial Institutions may establish agreements with the Registry for such conditions as the collection of information and fees. This is a recommendation of the Virginia Housing Commission.
FULL TEXT
- 01/12/10 Senate: Prefiled and ordered printed; offered 01/13/10 10102303D pdf | impact statement
- 03/01/10 Senate: Bill text as passed Senate and House (SB240ER) pdf | impact statement
- 03/11/10 Governor: Acts of Assembly Chapter text (CHAP0146) pdf
HISTORY
- 01/12/10 Senate: Prefiled and ordered printed; offered 01/13/10 10102303D
- 01/12/10 Senate: Referred to Committee on Commerce and Labor
- 01/18/10 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 01/20/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/21/10 Senate: Read second time and engrossed
- 01/22/10 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/03/10 House: Placed on Calendar
- 02/03/10 House: Read first time
- 02/03/10 House: Referred to Committee on Commerce and Labor
- 02/18/10 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/22/10 House: Read second time
- 02/23/10 House: Read third time
- 02/23/10 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/23/10 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/01/10 Senate: Enrolled
- 03/01/10 Senate: Bill text as passed Senate and House (SB240ER)
- 03/01/10 House: Signed by Speaker
- 03/02/10 Senate: Signed by President
- 03/11/10 Governor: Approved by Governor-Chapter 146 (effective 7/1/10)
- 03/11/10 Governor: Acts of Assembly Chapter text (CHAP0146)