File Code: Financial Institutions
Crossfiled with: SENATE BILL 643
- Sponsored By:
-
Delegates Love, Harrison, Kirk, Krebs, Krysiak, and Miller
- Entitled:
-
Mortgage Lenders - Sole Proprietors - Qualifications for Licensure
Authorizing the Commissioner of Financial Regulation to issue a
mortgage lender license to an applicant who is a sole proprietor and
who does not meet the 3-year experience requirement under specified
circumstances; specifying the conditions under which a sole proprietor
may be licensed under the Act; prohibiting a sole proprietor who is
licensed under the Act from aiding or assisting a borrower to obtain a
loan from a financial institution other than the institution
identified in the license application; etc.
House Action
- 2/13
- First Reading Economic Matters
- 2/25
- Hearing 3/9 at 1:00 p.m.
- 4/10
- Favorable with Amendments Report by Economic Matters
- 4/5
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/6
- Third Reading Passed (121-14)
- 4/10
- Returned Passed
- 5/26
- Governor vetoed - Cross-filed bill was signed
Senate Action
- 4/8
- First Reading Senate Rules
- 4/9
- Re-referred Finance
- 4/12
- Favorable Report by Finance
- 4/10
- Favorable Report Adopted
- Second Reading Passed
- Motion two readings same day Const/Rule 24 (Senator Astle) Adopted
- Third Reading Passed (43-4)
- Sponsored by:
- Delegate Mary Ann E. Love, District 32
- Delegate Hattie N. Harrison, District 45
- Delegate Ruth M. Kirk, District 44
- Delegate Susan W. Krebs, District 9B
- Delegate Carolyn J. Krysiak, District 46
- Delegate Warren E. Miller, District 9A
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- CHECKS
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
- FINANCIAL REGULATION, DIVISION OF
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
- MORTGAGES
- Bill affects the following Statute:
- Financial Institutions
- (
11-506
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 653493/01 (PDF) Offered on: April 10, 2004 at:
11:38 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- House
- April 6, 2004: Third Reading Passed (121-14)
- Senate
- April 10, 2004: Third Reading Passed (43-4)