Mortgage loan originators; definition, establishes licensure and registry. (HB2031)

Introduced By

Del. Danny Marshall (R-Danville) with support from co-patron Del. Bob Hull (D-Falls Church)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Mortgage loan originators. Defines mortgage originator; establishes licensure and registry for originators in conjunction with the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008; and coordinates Virginia actions with the Nationwide Mortgage Licensing System and Registry, a system developed and maintained by the Conference of State Bank Supervisors that includes background checks and educational requirements. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2009Committee
01/13/2009Prefiled and ordered printed; offered 01/14/09 097430612
01/13/2009Referred to Committee on Commerce and Labor
01/21/2009Assigned C & L sub: 2
01/22/2009Impact statement from SCC (HB2031)
01/29/2009Subcommittee recommends reporting with amendment(s)
02/03/2009Reported from Commerce and Labor with substitute (21-Y 0-N) (see vote tally)
02/03/2009Committee substitute printed 090168612-H1
02/05/2009Read first time
02/06/2009Impact statement from SCC (HB2031H1)
02/06/2009Read second time
02/06/2009Committee substitute agreed to 090168612-H1
02/06/2009Engrossed by House - committee substitute HB2031H1
02/08/2009Passed by for the day
02/09/2009Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/09/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/10/2009Constitutional reading dispensed
02/10/2009Referred to Committee on Commerce and Labor
02/11/2009Constitutional reading dispensed
02/11/2009Referred to Committee on Commerce and Labor
02/16/2009Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/18/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/19/2009Read third time
02/19/2009Passed Senate (40-Y 0-N) (see vote tally)
02/24/2009Enrolled
02/24/2009Bill text as passed House and Senate (HB2031ER)
02/24/2009Impact statement from SCC (HB2031ER)
02/25/2009Signed by Speaker
02/27/2009Signed by President
03/27/2009G Approved by Governor-Chapter 453 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0453)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 30 seconds.

Duplicate Bills

The following bills are identical to this one: SB1171.