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

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 090120806
01/13/2009Referred to Committee on Commerce and Labor
01/21/2009Impact statement from SCC (SB1170)
02/02/2009Reported from Commerce and Labor with substitute (14-Y 0-N) (see vote tally)
02/03/2009Committee substitute printed 090205348-S1
02/04/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/05/2009Read second time
02/05/2009Reading of substitute waived
02/05/2009Committee substitute agreed to 090205348-S1
02/05/2009Engrossed by Senate - committee substitute SB1170S1
02/06/2009Impact statement from SCC (SB1170S1)
02/06/2009Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee for Courts of Justice
02/16/2009Assigned Courts sub: Civil
02/18/2009Subcommittee recommends reporting with amendment(s)
02/20/2009Reported from Courts of Justice with substitute (22-Y 0-N) (see vote tally)
02/20/2009Committee substitute printed 090339420-H1
02/24/2009Read second time
02/25/2009Impact statement from SCC (SB1170H1)
02/25/2009Read third time
02/25/2009Committee substitute agreed to 090339420-H1
02/25/2009Engrossed by House - committee substitute SB1170H1
02/25/2009Passed House with substitute BLOCK VOTE (100-Y 0-N)
02/25/2009VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/26/2009House substitute agreed to by Senate (38-Y 0-N) (see vote tally)
02/26/2009Title replaced 090339420-H1
03/09/2009Enrolled
03/09/2009Bill text as passed Senate and House (SB1170ER)
03/09/2009Signed by President
03/10/2009Impact statement from SCC (SB1170ER)
03/11/2009Signed by Speaker
03/30/2009G Approved by Governor-Chapter 727 (effective 7/1/09)
03/30/2009G Acts of Assembly Chapter text (CHAP0727)

Duplicate Bills

The following bills are identical to this one: HB2262.