Money order sellers and money transmitters; definitions, criminal background checks, regulations. (SB335)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Money order sellers and money transmitters. Requires criminal background checks on members, senior officers, directors, and principals of applicants for licensure as a money order seller or money transmitter. The measure (i) allows the Bureau of Financial Institutions to file a claim to recover any required annual fees or actual examination expenses incurred that are not paid by a licensed money order seller and money transmitter and (ii) extends the bond coverage requirements to money transmissions or money orders purchased by Virginia residents from any authorized delegate of a licensee. The measure also conforms requirements applicable to licensure by the State Corporation Commission of money order sellers and money transmitters to provisions used for regulation of other nondepository financial institutions, including provisions requiring a licensee to notify the Commissioner of Financial Institutions when it relocates its principal place of business or changes its legal name or fictitious name and prohibiting a licensee from using any name other than a name on its license. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14101945D |
01/07/2014 | Referred to Committee on Commerce and Labor |
01/15/2014 | Impact statement from SCC (SB335) |
01/23/2014 | Impact statement from SCC (SB335) |
01/27/2014 | Reported from Commerce and Labor with substitute (13-Y 0-N) (see vote tally) |
01/27/2014 | Committee substitute printed 14104414D-S1 |
01/29/2014 | Constitutional reading dispensed (40-Y 0-N) |
01/30/2014 | Impact statement from SCC (SB335S1) |
01/30/2014 | Read second time |
01/30/2014 | Reading of substitute waived |
01/30/2014 | Committee substitute agreed to 14104414D-S1 |
01/30/2014 | Engrossed by Senate - committee substitute SB335S1 |
01/31/2014 | Read third time and passed Senate (40-Y 0-N) |
02/07/2014 | Placed on Calendar |
02/07/2014 | Read first time |
02/07/2014 | Referred to Committee on Commerce and Labor |
02/18/2014 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
02/20/2014 | Read second time |
02/21/2014 | Read third time |
02/21/2014 | Passed House BLOCK VOTE (97-Y 0-N) |
02/21/2014 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
02/21/2014 | Reconsideration of House passage agreed to by House |
02/21/2014 | Passed House BLOCK VOTE (98-Y 0-N) |
02/21/2014 | VOTE: BLOCK VOTE PASSAGE #2 (98-Y 0-N) (see vote tally) |
02/25/2014 | Enrolled |
02/25/2014 | Bill text as passed Senate and House (SB335ER) |
02/25/2014 | Signed by Speaker |
02/26/2014 | Impact statement from SCC (SB335ER) |
02/27/2014 | Signed by President |
03/31/2014 | G Approved by Governor-Chapter 454 (effective 7/1/14) |
03/31/2014 | G Acts of Assembly Chapter text (CHAP0454) |