Mortgage loan originators; transitional licensing. (SB118)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Transitional mortgage loan originators; licensing. Authorizes the State Corporation Commission to issue a transitional mortgage loan originator license to an individual who either (i) has an active license to originate mortgage loans pursuant to the laws of another state or a U.S. territory and satisfies certain registration requirements or (ii) was formerly a registered loan originator and is in the process of meeting the requirements necessary to obtain a mortgage loan originator license. Transitional licenses may be issued only if permitted by under federal law. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
12/30/2013 | Prefiled and ordered printed; offered 01/08/14 |
12/30/2013 | Prefiled and ordered printed; offered 01/08/14 14102395D |
12/30/2013 | Referred to Committee on Commerce and Labor |
01/24/2014 | Impact statement from SCC (SB118) |
02/03/2014 | Reported from Commerce and Labor with substitute (16-Y 0-N) (see vote tally) |
02/03/2014 | Committee substitute printed 14104427D-S1 |
02/05/2014 | Constitutional reading dispensed (40-Y 0-N) |
02/05/2014 | Impact statement from SCC (SB118S1) |
02/06/2014 | Read second time |
02/06/2014 | Reading of substitute waived |
02/06/2014 | Committee substitute agreed to 14104427D-S1 |
02/06/2014 | Engrossed by Senate - committee substitute SB118S1 |
02/07/2014 | Read third time and passed Senate (40-Y 0-N) |
02/12/2014 | Placed on Calendar |
02/12/2014 | Read first time |
02/12/2014 | 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 (SB118ER) |
02/25/2014 | Signed by Speaker |
02/26/2014 | Impact statement from SCC (SB118ER) |
02/27/2014 | Signed by President |
03/24/2014 | G Approved by Governor-Chapter 295 (effective 7/1/14) |
03/24/2014 | G Acts of Assembly Chapter text (CHAP0295) |