File Code: Financial Institutions
Crossfiled with: HOUSE BILL 1040
- Sponsored By:
-
Senators Astle and
Exum
- Entitled:
-
Financial Institutions - Consumer Credit - Mortgage Originators
Prohibiting an individual from acting as a mortgage originator on or
after a specified date 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 under specified circumstances; prohibiting a licensee from
maintaining more than one license or being employed by more than one
mortgage lender; providing that a mortgage lender is not required to
maintain an office in the State under specified circumstances; etc.
Senate Action
- 2/4
- First Reading Finance
- 2/8
- Hearing 3/1 at 1:00 p.m.
- 3/25
- Favorable with Amendments Report by Finance
- 3/24
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/28
- Third Reading Passed (47-0)
- 4/8
- Senate Concur - House Amendment
- Third Reading Passed (45-0)
- Passed Enrolled
House Action
- 3/27
- First Reading House Rules and Executive Nominations
- 4/4
- Re-referred Economic Matters
- 4/5
- Hearing 4/7 at 1:00 p.m.
- 4/9
- Favorable with Amendments Report by Economic Matters
- 4/5
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/6
- Third Reading Passed with Amendments (128-0)
Action after passage in Senate and House
- 5/26
- Governor vetoed - Cross-filed bill was signed
Sponsored by:
- Senator John C. Astle, District 30
- Senator Nathaniel Exum, 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
- INTERSTATE AFFAIRS
- 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
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments (Displayed in WordPerfect 8 Format):
Senate
- Number: 437972/01 (PDF) Offered on: March 25, 2005 at:
1:51 p.m. Status: Adopted
House
- Number: 253296/01 (PDF) Offered on: April 9, 2005 at:
12:24 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- March 28, 2005: Third Reading Passed (47-0)
- April 8, 2005: Third Reading Passed (45-0)
House
- April 6, 2005: Third Reading Passed (128-0)