Mortgage Lender and Broker Act; SCC to request Attorney Gen. to investigate violations thereunder. (SB1170)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
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. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 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) |