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