Mortgage Lender and Broker Act; SCC to request Attorney Gen. to investigate violations thereunder. (SB1170)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Mortgage Lender and Broker Act. Authorizes the State Corporation Commission to request the Attorney General to investigate violations of prohibited practices under the Mortgage Lender and Broker Act. The measure also provides that nothing in the Act shall be construed to preclude any person who suffers loss as a result of a violation of the prohibited practices from maintaining an action to recover damages or restitution. Finally, the measure deletes the existing exemption for mortgage lenders from the Virginia Consumer Protection Act. View Full Text »
Outcome
Bill Has Passed
History
- 01/13/2009 Prefiled and ordered printed; offered 01/14/09 090120806
- 01/13/2009 Referred to Committee on Commerce and Labor
- 01/21/2009 Impact statement from SCC (SB1170)
- 02/02/2009 Reported from Commerce and Labor with substitute (14-Y 0-N) (see vote tally)
- 02/03/2009 Committee substitute printed 090205348-S1
- 02/04/2009 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
- 02/05/2009 Read second time
- 02/05/2009 Reading of substitute waived
- 02/05/2009 Committee substitute agreed to 090205348-S1
- 02/05/2009 Engrossed by Senate - committee substitute SB1170S1
- 02/06/2009 Impact statement from SCC (SB1170S1)
- 02/06/2009 Read third time and passed Senate (39-Y 0-N) (see vote tally)
- 02/13/2009 Placed on Calendar
- 02/13/2009 Read first time
- 02/13/2009 Referred to Committee for Courts of Justice
- 02/16/2009 Assigned Courts sub: Civil
- 02/18/2009 Subcommittee recommends reporting with amendment(s)
- 02/20/2009 Reported from Courts of Justice with substitute (22-Y 0-N) (see vote tally)
- 02/20/2009 Committee substitute printed 090339420-H1
- 02/24/2009 Read second time
- 02/25/2009 Impact statement from SCC (SB1170H1)
- 02/25/2009 Read third time
- 02/25/2009 Committee substitute agreed to 090339420-H1
- 02/25/2009 Engrossed by House - committee substitute SB1170H1
- 02/25/2009 Passed House with substitute BLOCK VOTE (100-Y 0-N)
- 02/25/2009 VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
- 02/26/2009 House substitute agreed to by Senate (38-Y 0-N) (see vote tally)
- 02/26/2009 Title replaced 090339420-H1
- 03/09/2009 Enrolled
- 03/09/2009 Bill text as passed Senate and House (SB1170ER)
- 03/09/2009 Signed by President
- 03/10/2009 Impact statement from SCC (SB1170ER)
- 03/11/2009 Signed by Speaker
- 03/30/2009 G Approved by Governor-Chapter 727 (effective 7/1/09)
- 03/30/2009 G Acts of Assembly Chapter text (CHAP0727)