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2010 SESSION

• | print version

SB 294 Mortgage Lender and Broker Act; definition of principal.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Mortgage Lender and Broker Act; definition of principal.  Provides that a principal, for purposes of the Mortgage Lender and Broker Act, means a person who, directly or indirectly, owns or controls a 10 percent or greater interest in a corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity. Currently, a principal is a person who, directly or indirectly, owns or controls a 10 percent or greater interest in a stock corporation, nonstock corporation, or limited liability company.

FULL TEXT

• 01/12/10  Senate: Prefiled and ordered printed; offered 01/13/10 10101392D  pdf | impact statement
• 03/05/10  Senate: Bill text as passed Senate and House (SB294ER)  pdf | impact statement
• 04/12/10  Governor: Acts of Assembly Chapter text (CHAP0665)  pdf

HISTORY

• 01/12/10  Senate: Prefiled and ordered printed; offered 01/13/10 10101392D
• 01/12/10  Senate: Referred to Committee on Commerce and Labor
• 01/25/10  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 01/27/10  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/28/10  Senate: Read second time and engrossed
• 01/29/10  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/08/10  House: Placed on Calendar
• 02/08/10  House: Read first time
• 02/08/10  House: Referred to Committee on Commerce and Labor
• 02/23/10  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/25/10  House: Read second time
• 02/26/10  House: Read third time
• 02/26/10  House: Passed House BLOCK VOTE (96-Y 0-N)
• 02/26/10  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
• 03/05/10  Senate: Enrolled
• 03/05/10  Senate: Bill text as passed Senate and House (SB294ER)
• 03/05/10  House: Signed by Speaker
• 03/08/10  Senate: Signed by President
• 04/12/10  Governor: Approved by Governor-Chapter 665 (effective 7/1/10)
• 04/12/10  Governor: Acts of Assembly Chapter text (CHAP0665)