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