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2016 SESSION
HB 124 Mortgage lenders and mortgage brokers; licenses, reports.
Introduced by: Daniel W. Marshall, III | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Mortgage lenders and mortgage brokers; licenses; reports. Provides that mortgage company and branch licenses issued by the State Corporation Commission expire at the end of each calendar year, unless renewed. The measure provides a process for license renewals and the reinstatement of a mortgage lender or mortgage broker whose license has expired. The measure also replaces the annual reporting requirement with a requirement that licensees file periodic reports with the Commissioner of Financial Institutions or the Nationwide Mortgage Licensing System and Registry.
FULL TEXT
- 12/16/15 House: Prefiled and ordered printed; offered 01/13/16 16101540D pdf | impact statement
- 02/29/16 House: Bill text as passed House and Senate (HB124ER) pdf | impact statement
- 03/11/16 Governor: Acts of Assembly Chapter text (CHAP0329) pdf
HISTORY
- 12/16/15 House: Prefiled and ordered printed; offered 01/13/16 16101540D
- 12/16/15 House: Referred to Committee on Commerce and Labor
- 01/19/16 House: Reported from Commerce and Labor (21-Y 0-N)
- 01/21/16 House: Read first time
- 01/25/16 House: Read second time and engrossed
- 01/26/16 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 01/26/16 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 01/27/16 Senate: Constitutional reading dispensed
- 01/27/16 Senate: Referred to Committee on Commerce and Labor
- 02/22/16 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/24/16 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/25/16 Senate: Read third time
- 02/25/16 Senate: Passed Senate (40-Y 0-N)
- 02/29/16 House: Enrolled
- 02/29/16 House: Bill text as passed House and Senate (HB124ER)
- 02/29/16 House: Signed by Speaker
- 03/03/16 Senate: Signed by President
- 03/04/16 House: Enrolled Bill communicated to Governor on 3/4/16
- 03/04/16 Governor: Governor's Action Deadline Midnight, March 11, 2016
- 03/11/16 Governor: Approved by Governor-Chapter 329 (effective 7/1/16)
- 03/11/16 Governor: Acts of Assembly Chapter text (CHAP0329)