Nationwide Mortgage Licensing System & Registry; requires mortgage lenders and brokers to register. (HB547)

Introduced By

Del. Danny Marshall (R-Danville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Certain mortgage lenders and mortgage brokers required to register with Nationwide Mortgage Licensing System and Registry.  Compels mortgage lenders and mortgage brokers whose employees are required to be licensed as mortgage loan originators, to register with the Nationwide Mortgage Licensing System and Registry, developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators. The Commissioner of the Bureau of Financial Institutions may establish agreements with the Registry for such conditions as the collection of information and fees. This is a recommendation of the Virginia Housing Commission. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Committee
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102384D
01/12/2010Referred to Committee on Commerce and Labor
01/19/2010Impact statement from SCC (HB547)
01/21/2010Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/25/2010Read first time
01/26/2010Read second time and engrossed
01/27/2010Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/27/2010VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/28/2010Constitutional reading dispensed
01/28/2010Referred to Committee on Commerce and Labor
02/22/2010Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/24/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/25/2010Read third time
02/25/2010Passed Senate (40-Y 0-N) (see vote tally)
03/03/2010Enrolled
03/03/2010Bill text as passed House and Senate (HB547ER)
03/03/2010Signed by Speaker
03/04/2010Impact statement from SCC (HB547ER)
03/06/2010Signed by President
04/13/2010Governor's recommendation received by House
04/13/2010Governor's substitute printed 10106220D-H1
04/20/2010Placed on Calendar
04/21/2010House concurred in Governor's recommendation (95-Y 0-N)
04/21/2010VOTE: --- ADOPTION (95-Y 0-N) (see vote tally)
04/21/2010Senate concurred in Governor's recommendation (39-Y 0-N) (see vote tally)
04/21/2010G Governor's recommendation adopted
04/21/2010Reenrolled
04/21/2010Reenrolled bill text (HB547ER2)
04/21/2010Signed by Speaker as reenrolled
04/21/2010Signed by President as reenrolled
04/21/2010Enacted, Chapter 831 (effective 7/1/10)
04/21/2010G Acts of Assembly Chapter text (CHAP0831)

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 45 seconds.

Duplicate Bills

The following bills are identical to this one: SB240.