SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2023 SESSION
HB 2389 Mortgage lending and brokerage entities; definitions remote location requirements.
Introduced by: Bill Wiley | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Remote location requirements for mortgage lending and brokerage entities. Defines "office" and "remote location," as those terms apply to the licensing of mortgage lenders and mortgage brokers, and permits licensees to allow employees and exclusive agents to work from a remote location. The bill allows such an employee or exclusive agent to work at a remote location only if certain requirements are met, including the establishment of written policies and procedures for remote work supervision; compliance with security plans and federal and state security requirements; the employment of appropriate risk-based monitoring and oversight processes; agreement of the employee or exclusive agent to comply with established practices; the proper maintenance of physical records; access of the licensee's secure systems via a virtual private network with password protection; the installation and maintenance of security updates; and the designation of the principal place of business as the mortgage loan originator's registered location for the purposes of the Nationwide Mortgage Licensing System and Registry record.
FULL TEXT
- 01/17/23 House: Presented and ordered printed 23104203D pdf | impact statement
- 02/02/23 House: Committee substitute printed 23106058D-H1 pdf | impact statement
- 02/20/23 Senate: Committee substitute printed 23107216D-S1 pdf | impact statement
- 03/07/23 House: Bill text as passed House and Senate (HB2389ER) pdf | impact statement
- 03/26/23 Governor: Acts of Assembly Chapter text (CHAP0573) pdf
AMENDMENTS
- House subcommittee amendments and substitutes adopted
- Senate committee, floor amendments and substitutes offered
HISTORY
- 01/17/23 House: Presented and ordered printed 23104203D
- 01/17/23 House: Referred to Committee on Commerce and Energy
- 01/30/23 House: Assigned sub: Subcommittee #2
- 01/31/23 House: Subcommittee recommends reporting with substitute (9-Y 0-N)
- 02/02/23 House: Reported from Commerce and Energy with substitute (22-Y 0-N)
- 02/02/23 House: Committee substitute printed 23106058D-H1
- 02/05/23 House: Read first time
- 02/06/23 House: Read second time
- 02/06/23 House: Committee substitute agreed to 23106058D-H1
- 02/06/23 House: Engrossed by House - committee substitute HB2389H1
- 02/07/23 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/07/23 House: VOTE: Block Vote Passage (99-Y 0-N)
- 02/08/23 Senate: Constitutional reading dispensed
- 02/08/23 Senate: Referred to Committee on Commerce and Labor
- 02/20/23 Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 02/20/23 Senate: Committee substitute printed 23107216D-S1
- 02/21/23 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/22/23 Senate: Read third time
- 02/22/23 Senate: Reading of substitute waived
- 02/22/23 Senate: Committee substitute agreed to 23107216D-S1
- 02/22/23 Senate: Engrossed by Senate - committee substitute HB2389S1
- 02/22/23 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/23/23 House: Senate substitute agreed to by House 23107216D-S1 (96-Y 0-N)
- 02/23/23 House: VOTE: Adoption (96-Y 0-N)
- 03/07/23 House: Enrolled
- 03/07/23 House: Bill text as passed House and Senate (HB2389ER)
- 03/08/23 House: Signed by Speaker
- 03/08/23 Senate: Signed by President
- 03/13/23 House: Enrolled Bill communicated to Governor on March 13, 2023
- 03/13/23 Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/26/23 Governor: Approved by Governor-Chapter 573 (effective 7/1/23)
- 03/26/23 Governor: Acts of Assembly Chapter text (CHAP0573)