2010 Regular Session

SENATE BILL 787

CHAPTER NUMBER: 106
File Code: Financial Institutions
Sponsored By:
Senator Pugh
Entitled:
Financial Institutions - Mortgage Lenders - Net Worth Requirements

Synopsis:

Establishing that for purposes of satisfying specified minimum net worth requirements, in addition to computing the net worth of a specified applicant for a new mortgage broker's license or for the renewal of a license according to generally accepted accounting principles, net worth may be computed according to any other recognized comprehensive basis of accounting approved by the Commissioner of Financial Regulation.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/10
First Reading Finance
2/17
Hearing 3/2 at 1:00 p.m.
3/4
Favorable with Amendments Report by Finance
3/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/9
Third Reading Passed (46-0)
4/4
Returned Passed
House Action
3/10
First Reading Economic Matters
Hearing 3/25 at 1:00 p.m.
4/6
Favorable Report by Economic Matters
3/30
Favorable Report Adopted
Second Reading Passed
3/31
Third Reading Passed (140-0)
Action after passage in Senate and House
4/13
Approved by the Governor
- Chapter 106

Bill indexed under the following Subjects:

Agents and Brokers
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses
Mortgages

Bill affects the following Statutes:

Financial Institutions
( 11-501 , 11-508.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 997877/01     Offered on: March 5, 2010   at: 12:32 p.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 9, 2010: Third Reading Passed (46-0)
House
March 31, 2010: Third Reading Passed (140-0)