File Code: Financial Institutions
- Sponsored By:
-
Senator Pugh
- Entitled:
-
Financial Institutions - Mortgage Lenders - Net Worth Requirements
Establishing that for purposes of satisfying specified minimum net
worth requirements, in addition to computing the net worth of a
specified applicant for a new mortgage broker's license or for the
renewal of a license according to generally accepted accounting
principles, net worth may be computed according to any other
recognized comprehensive basis of accounting approved by the
Commissioner of Financial Regulation.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/10
- First Reading Finance
- 2/17
- Hearing 3/2 at 1:00 p.m.
- 3/4
- Favorable with Amendments Report by Finance
- 3/5
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/9
- Third Reading Passed (46-0)
- 4/4
- Returned Passed
House Action
- 3/10
- First Reading Economic Matters
- Hearing 3/25 at 1:00 p.m.
- 4/6
- Favorable Report by Economic Matters
- 3/30
- Favorable Report Adopted
- Second Reading Passed
- 3/31
- Third Reading Passed (140-0)
Action after passage in Senate and House
- 4/13
- Approved by the Governor
- - Chapter 106
Bill indexed under the following Subjects:
- Agents and Brokers
- Financial Institutions -see also- Banks; Credit Unions; etc.
- Financial Regulation, Division of
- Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses
- Mortgages
Bill affects the following Statutes:
- Financial Institutions
- (
11-501 ,
11-508.1
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note:
Available
- Amendments:
Senate
- Number: 997877/01 Offered on: March 5, 2010 at:
12:32 p.m. Status: Adopted
-
Committee Votes :
Senate
- Finance
House
- Economic Matters
- Roll Call Votes (Legislative dates are shown):
Senate
- March 9, 2010: Third Reading Passed (46-0)
House
- March 31, 2010: Third Reading Passed (140-0)