Nationwide Mortgage Licensing System & Registry; mortgage lenders & brokers required to register. (SB240)

Introduced By

Sen. John Watkins (R-Midlothian)

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
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102303D
01/12/2010Referred to Committee on Commerce and Labor
01/18/2010Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
01/19/2010Impact statement from SCC (SB240)
01/20/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/21/2010Read second time and engrossed
01/22/2010Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/03/2010Placed on Calendar
02/03/2010Read first time
02/03/2010Referred to Committee on Commerce and Labor
02/18/2010Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/22/2010Read second time
02/23/2010Read third time
02/23/2010Passed House BLOCK VOTE (99-Y 0-N)
02/23/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/01/2010Enrolled
03/01/2010Bill text as passed Senate and House (SB240ER)
03/01/2010Signed by Speaker
03/02/2010Signed by President
03/03/2010Impact statement from SCC (SB240ER)
03/11/2010G Approved by Governor-Chapter 146 (effective 7/1/10)
03/11/2010G Acts of Assembly Chapter text (CHAP0146)

Duplicate Bills

The following bills are identical to this one: HB547.