2005 Regular Session

SENATE BILL 159

CHAPTER NUMBER: 132 File Code: Financial Institutions
Sponsored By:
Chairman, Finance Committee (By Request - Departmental - Labor, Licensing and Regulation)
Entitled:
Commissioner of Financial Regulation - Mortgage Lenders - Licensing of Federally Approved Seller-Servicers

Synopsis:

Repealing an exemption from licensure by the Commissioner of Financial Regulation for mortgage lenders that are federally approved seller-servicers; expanding a specified exemption from specified record keeping requirements; etc.

History by Legislative Date

Senate Action
1/20
First Reading Finance
Motion Rules Suspended Referred (Senator Green) Adopted
Referred Finance
2/4
Hearing 2/22 at 1:00 p.m.
2/8
Hearing cancelled
Hearing 3/1 at 1:00 p.m.
3/8
Favorable Report by Finance
3/9
Favorable Report Adopted
Second Reading Passed
3/11
Third Reading Passed (46-0)
4/7
Returned Passed
House Action
3/14
First Reading Economic Matters
3/16
Hearing 3/29 at 1:00 p.m.
4/8
Favorable Report by Economic Matters
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (135-0)
Action after passage in Senate and House
4/26
Signed by the Governor Chapter 132

Sponsored by:

Finance Comm., Chairman
Departmental
Labor, Licensing & Regulation, Department of

Bill indexed under the following Subjects:

FEDERAL GOVERNMENT
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
FINANCIAL REGULATION, DIVISION OF
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
MORTGAGES
RECORDS -see also- LAND RECORDS; VITAL RECORDS

Bill affects the following Statutes:

Financial Institutions
( 11-501 , 11-501 , 11-501 , 11-504 , 11-509 , 11-513 , 11-522 , 12-902 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
March 11, 2005: Third Reading Passed (46-0)
House
April 4, 2005: Third Reading Passed (135-0)