Mortgage brokers; dual compensation. (HB698)

Introduced By

Del. Terrie Suit (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Mortgage brokers; dual compensation; penalties. Provides that a state bank or mortgage lender that, pursuant to an executed originating agreement with the Virginia Housing Development Authority (VHDA), acts as an originating agent of the VHDA in connection with a mortgage loan shall not be deemed to be acting as a mortgage broker with respect to such mortgage loan. Read the Bill »


03/31/2006: signed by governor


01/10/2006Prefiled and ordered printed with emergency clause; offered 01/11/06 062831520
01/10/2006Referred to Committee on Commerce and Labor
01/17/2006Reported from Commerce and Labor (22-Y 0-N)
01/19/2006Read first time
01/20/2006Read second time and engrossed
01/20/2006Fiscal impact statement from DPB (HB698)
01/23/2006Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/23/2006VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
01/23/2006Communicated to Senate
01/24/2006Constitutional reading dispensed
01/24/2006Referred to Committee on Commerce and Labor
02/20/2006Reported from Commerce and Labor (14-Y 0-N)
02/22/2006Constitutional reading dispensed (39-Y 0-N)
02/22/2006VOTE: (39-Y 0-N)
02/23/2006Read third time
02/23/2006Passed Senate (40-Y 0-N)
02/23/2006VOTE: (40-Y 0-N)
03/01/2006Bill text as passed House and Senate (HB698ER)
03/01/2006Signed by Speaker
03/02/2006Signed by President
03/02/2006Fiscal impact statement from DPB (HB698ER)
03/31/2006G Approved by Governor-Chapter 422 (effective 3/31/06)
04/06/2006G Acts of Assembly Chapter text (CHAP0422)