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2012 SESSION
SB 124 Mortgage lenders and mortgage brokers; criminal background checks.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Mortgage Lender and Mortgage Broker Act; criminal background checks. Conforms provisions of Virginia's laws regarding licensure of mortgage lenders and mortgage brokers to the practice of conducting criminal background checks through the Nationwide Mortgage Licensing System and Registry. The measure eliminates an existing provision that allows a mortgage lender's or mortgage broker's members, senior officers, directors, and principals to avoid a criminal background check during the licensing phase by acquiring a licensee after the license has been issued, and permits the Central Criminal Records Exchange to disclose criminal background information to the State Corporation Commission.
FULL TEXT
- 01/10/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101060D pdf | impact statement
- 02/23/12 Senate: Bill text as passed Senate and House (SB124ER) pdf | impact statement
- 03/08/12 Governor: Acts of Assembly Chapter text (CHAP0189) pdf
HISTORY
- 01/10/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101060D
- 01/10/12 Senate: Referred to Committee on Commerce and Labor
- 01/16/12 Senate: Reported from Commerce and Labor (16-Y 0-N)
- 01/18/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/19/12 Senate: Read second time and engrossed
- 01/20/12 Senate: Bills placed in block (39-Y 0-N)
- 01/20/12 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/20/12 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 01/20/12 Senate: Passed Senate (39-Y 0-N)
- 02/13/12 House: Placed on Calendar
- 02/13/12 House: Read first time
- 02/13/12 House: Referred to Committee on Commerce and Labor
- 02/16/12 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/20/12 House: Read second time
- 02/21/12 House: Read third time
- 02/21/12 House: Passed House BLOCK VOTE (100-0Y 0-N)
- 02/21/12 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/23/12 Senate: Enrolled
- 02/23/12 Senate: Bill text as passed Senate and House (SB124ER)
- 02/23/12 Senate: Signed by President
- 02/23/12 House: Signed by Speaker
- 03/08/12 Governor: Approved by Governor-Chapter 189 (effective 7/1/12)
- 03/08/12 Governor: Acts of Assembly Chapter text (CHAP0189)