2004 Regular Session

HOUSE BILL 1026

File Code: Financial Institutions
Sponsored By:
Delegates Wood, Harrison, Kirk, Minnick, Moe, and Vaughn
Entitled:
Financial Institutions - Consumer Credit - Mortgage Originators

Synopsis:

Prohibiting an individual from acting as a mortgage originator unless the individual is a licensee or is exempt from licensing under the Act; providing that a license issued under the Act authorizes a licensee to act as a mortgage originator only when acting within the scope of employment with a mortgage lender; prohibiting a licensee from maintaining more than one license or being employed by more than one mortgage lender; etc.

History by Legislative Date

House Action
2/12
First Reading Economic Matters
2/26
Hearing 3/9 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate John F. Wood, Jr., District 29A
Delegate Hattie N. Harrison, District 45
Delegate Ruth M. Kirk, District 44
Delegate Joseph J. Minnick, District 6
Delegate Brian R. Moe, District 21
Delegate Michael L. Vaughn, District 24
Bill indexed under the following Subjects:
APPROPRIATIONS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
COURTS -see also- CIRCUIT; APPEALS; DISTRICT; ORPHANS'; etc.
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
CRIMINAL BACKGROUND INVESTIGATIONS
EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc
EXAMINATIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL REGULATION, DIVISION OF
FINES
FINGERPRINTING
HEARINGS
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
LABOR, LICENSING, AND REGULATION, DEPARTMENT OF
LIABILITY -see also- GOOD SAMARITAN
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
MORTGAGES
NOTICES
PENALTIES
PETITIONS
RULES AND REGULATIONS
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc
Bill affects the following Statutes:
Financial Institutions
( 11-517 , 11-601 , 11-602 , 11-603 , 11-604 , 11-605 , 11-606 , 11-607 , 11-608 , 11-609 , 11-610 , 11-611 , 11-612 , 11-613 , 11-614 , 11-615 , 11-616 , 11-617 , 11-618 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered