Legislation - SB0251

Title: Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements
Sponsored by: Chair, Finance Committee (By Request - Departmental - Labor)
Status: In the Senate - Hearing 2/02 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing for the elimination of certain paper licenses for collection agencies, credit services, lenders, installment lenders, mortgage lenders, mortgage loan originators, sales finance companies, check cashing services, money transmission businesses, and debt management services; providing for the licensing of certain persons for certain activities through the Nationwide Mortgage Licensing System and Registry (NMLS); requiring that certain licenses provided for through NMLS include certain information; etc.

Committees

Original:: Finance

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2021

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/22/2020 Legislative Date 9/22/2020 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 12/23/2020 Legislative Date 12/23/2020 Action Hearing 1/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing 2/02 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	9/22/2020	9/22/2020	Pre-filed
Senate	1/13/2021	1/13/2021	First Reading Finance
Senate	12/23/2020	12/23/2020	Hearing 1/20 at 1:00 p.m.
			Text - First - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements
Senate	1/18/2021	1/18/2021	Hearing canceled
Senate	1/18/2021	1/18/2021	Hearing 2/02 at 1:00 p.m.

File Code

Subjects

Statutes

Article - Financial Institutions

( 11-201, 11-208, 11-209.1, 11-210, 11-211, 11-301, 11-303, 11-401, 11-408, 11-410, 11-411, 11-412, 11-501, 11-505, 11-512, 11-512.1, 11-514, 11-601, 11-603, 11-603.1, 11-609, 12-101, 12-110, 12-110.1, 12-112, 12-113, 12-401, 12-410, 12-415, 12-422, 12-901, 12-911, 12-913, 12-915, 12-925 )