Mortgage loan originators; definition, establishes licensure and registry. (SB1171)

Introduced By

Sen. John Watkins (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


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


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.

Duplicate Bills

The following bills are identical to this one: HB2031.