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2022 SESSION
HB 1153 Mortgage brokers; dual compensation.
Introduced by: R. Lee Ware | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Mortgage brokers; dual compensation. Removes provisions prohibiting a person from acting as a mortgage broker in connection with any real estate sales transaction in which such person has acted as a real estate broker or real estate salesperson and has received or will receive compensation in connection with such transaction. The bill provides that if a mortgage broker negotiates, places, or finds a mortgage loan and acts as a real estate broker or real estate salesperson in connection with the sale of the real estate that secures such loan, the mortgage broker is required to conspicuously provide to the borrower a written disclosure at the time the mortgage broker services are first offered to the borrower. This bill is identical to SB 303.
FULL TEXT
- 01/14/22 House: Presented and ordered printed 22104174D pdf | impact statement
- 02/28/22 House: Bill text as passed House and Senate (HB1153ER) pdf | impact statement
- 04/11/22 Governor: Acts of Assembly Chapter text (CHAP0400) pdf
HISTORY
- 01/14/22 House: Presented and ordered printed 22104174D
- 01/14/22 House: Referred to Committee on Commerce and Energy
- 01/31/22 House: Assigned sub: Subcommittee #1
- 02/01/22 House: Subcommittee recommends reporting (8-Y 0-N)
- 02/03/22 House: Reported from Commerce and Energy (22-Y 0-N)
- 02/07/22 House: Read first time
- 02/08/22 House: Read second time and engrossed
- 02/09/22 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/09/22 House: VOTE: Block Vote Passage (99-Y 0-N)
- 02/10/22 Senate: Constitutional reading dispensed
- 02/10/22 Senate: Referred to Committee on Commerce and Labor
- 02/21/22 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/23/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/24/22 Senate: Read third time
- 02/24/22 Senate: Passed Senate (40-Y 0-N)
- 02/28/22 House: Enrolled
- 02/28/22 House: Bill text as passed House and Senate (HB1153ER)
- 02/28/22 House: Signed by Speaker
- 02/28/22 Senate: Signed by President
- 03/11/22 House: Enrolled Bill communicated to Governor on March 11, 2022
- 03/11/22 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
- 04/11/22 Governor: Approved by Governor-Chapter 400 (effective 7/1/22)
- 04/11/22 Governor: Acts of Assembly Chapter text (CHAP0400)