Mortgage Lender and Broker Act; eliminates provision that lenders, etc., are required to conduct. (SB1172)

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; employee background checks and training. Repeals provisions enacted in 2008 that require licensed mortgage lenders and brokers (i) to conduct background checks on employees who may have access to or process personal identifying or financial information from a member of the public and (ii) to ensure that their employees are properly trained in applicable state and federal mortgage lending laws and regulations. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 090036348
01/13/2009Referred to Committee on Commerce and Labor
01/20/2009Impact statement from SCC (SB1172)
02/02/2009Stricken at request of Patron in Commerce and Labor (15-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB2030.