Mortgage loan originators; definition, establishes licensure and registry. (SB1171)
Introduced By
Sen. John Watkins (R-Midlothian)
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
| Date | Action |
|---|---|
| 01/13/2009 | Prefiled and ordered printed; offered 01/14/09 097433348 |
| 01/13/2009 | Referred to Committee on Commerce and Labor |
| 01/22/2009 | Impact statement from SCC (SB1171) |
| 02/02/2009 | Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally) |
| 02/03/2009 | Committee substitute printed 090167348-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 090167348-S1 |
| 02/05/2009 | Engrossed by Senate - committee substitute SB1171S1 |
| 02/06/2009 | Impact statement from SCC (SB1171S1) |
| 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 on Commerce and Labor |
| 02/17/2009 | Reported from Commerce and Labor with substitute (20-Y 0-N) (see vote tally) |
| 02/17/2009 | Committee substitute printed 090238348-H1 |
| 02/19/2009 | Read second time |
| 02/20/2009 | Passed by for the day |
| 02/23/2009 | Passed by for the day |
| 02/24/2009 | Read third time |
| 02/24/2009 | Committee substitute agreed to 090238348-H1 |
| 02/24/2009 | Engrossed by House - committee substitute SB1171H1 |
| 02/24/2009 | Passed House with substitute BLOCK VOTE (99-Y 0-N) |
| 02/24/2009 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
| 02/25/2009 | Impact statement from SCC (SB1171H1) |
| 02/25/2009 | House substitute agreed to by Senate (37-Y 0-N) (see vote tally) |
| 02/25/2009 | Title replaced 090238348-H1 |
| 03/04/2009 | Enrolled |
| 03/04/2009 | Bill text as passed Senate and House (SB1171ER) |
| 03/05/2009 | Impact statement from SCC (SB1171ER) |
| 03/05/2009 | Signed by President |
| 03/06/2009 | Signed by Speaker |
| 03/27/2009 | G Approved by Governor-Chapter 273 (effective 7/1/09) |
| 03/27/2009 | G Acts of Assembly Chapter text (CHAP0273) |
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 40 seconds.