Mortgage lenders and mortgage brokers; licenses, reports. (HB124)
Introduced By
Del. Danny Marshall (R-Danville)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Mortgage lenders and mortgage brokers; licenses; reports. Provides that mortgage company and branch licenses issued by the State Corporation Commission expire at the end of each calendar year, unless renewed. The measure provides a process for license renewals and the reinstatement of a mortgage lender or mortgage broker whose license has expired. The measure also replaces the annual reporting requirement with a requirement that licensees file periodic reports with the Commissioner of Financial Institutions or the Nationwide Mortgage Licensing System and Registry. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 12/16/2015 | Committee |
| 12/16/2015 | Prefiled and ordered printed; offered 01/13/16 16101540D |
| 12/16/2015 | Referred to Committee on Commerce and Labor |
| 01/06/2016 | Impact statement from SCC (HB124) |
| 01/19/2016 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
| 01/21/2016 | Read first time |
| 01/25/2016 | Read second time and engrossed |
| 01/26/2016 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 01/26/2016 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
| 01/27/2016 | Constitutional reading dispensed |
| 01/27/2016 | Referred to Committee on Commerce and Labor |
| 02/22/2016 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
| 02/24/2016 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/25/2016 | Read third time |
| 02/25/2016 | Passed Senate (40-Y 0-N) (see vote tally) |
| 02/29/2016 | Enrolled |
| 02/29/2016 | Bill text as passed House and Senate (HB124ER) |
| 02/29/2016 | Signed by Speaker |
| 03/01/2016 | Impact statement from SCC (HB124ER) |
| 03/03/2016 | Signed by President |
| 03/04/2016 | Enrolled Bill communicated to Governor on 3/4/16 |
| 03/04/2016 | G Governor's Action Deadline Midnight, March 11, 2016 |
| 03/11/2016 | G Approved by Governor-Chapter 329 (effective 7/1/16) |
| 03/11/2016 | G Acts of Assembly Chapter text (CHAP0329) |