Mortgage Lender and Broker Act; definition of principal. (SB294)
Introduced By
Sen. Ryan McDougle (R-Mechanicsville) with support from co-patrons Del. Steve Landes (R-Weyers Cave), and Sen. John Edwards (D-Roanoke)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Mortgage Lender and Broker Act; definition of principal. Provides that a principal, for purposes of the Mortgage Lender and Broker Act, means a person who, directly or indirectly, owns or controls a 10 percent or greater interest in a corporation, partnership, association, cooperative, limited liability company, trust, joint venture, or other legal or commercial entity. Currently, a principal is a person who, directly or indirectly, owns or controls a 10 percent or greater interest in a stock corporation, nonstock corporation, or limited liability company. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/12/2010 | Prefiled and ordered printed; offered 01/13/10 10101392D |
01/12/2010 | Referred to Committee on Commerce and Labor |
01/20/2010 | Impact statement from SCC (SB294) |
01/25/2010 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
01/27/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/28/2010 | Read second time and engrossed |
01/29/2010 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/08/2010 | Placed on Calendar |
02/08/2010 | Read first time |
02/08/2010 | Referred to Committee on Commerce and Labor |
02/23/2010 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
02/25/2010 | Read second time |
02/26/2010 | Read third time |
02/26/2010 | Passed House BLOCK VOTE (96-Y 0-N) |
02/26/2010 | VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (see vote tally) |
03/05/2010 | Enrolled |
03/05/2010 | Bill text as passed Senate and House (SB294ER) |
03/05/2010 | Signed by Speaker |
03/08/2010 | Signed by President |
03/08/2010 | Impact statement from SCC (SB294ER) |
04/12/2010 | G Approved by Governor-Chapter 665 (effective 7/1/10) |
04/12/2010 | G Acts of Assembly Chapter text (CHAP0665) |