Legislation - SB0251

Title: Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements
Sponsored by: Chair, Finance Committee (By Request - Departmental - Labor)
Status: Approved by the Governor - Chapter 101
Analysis: Fiscal and Policy Note

Synopsis

Providing for the elimination of certain paper licenses for collection agencies, credit services, lenders, installment lenders, mortgage lenders, mortgage loan originators, sales finance companies, check cashing services, money transmission businesses, and debt management services; providing for the licensing of certain persons for certain activities through the Nationwide Mortgage Licensing System and Registry (NMLS); requiring that certain licenses provided for through NMLS include certain information; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2021

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/22/2020 Legislative Date 9/22/2020 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 12/23/2020 Legislative Date 12/23/2020 Action Hearing 1/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing 2/02 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/09/2021 Legislative Date 2/09/2021 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 2/10/2021 Legislative Date 2/10/2021 Action Favorable Adopted Proceedings 10 Click to view Recorded Media
Chamber Senate Calendar Date 2/10/2021 Legislative Date 2/10/2021 Action Second Reading Passed Proceedings 10 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements Proceedings
Chamber Senate Calendar Date 2/16/2021 Legislative Date 2/11/2021 Action Third Reading Passed (46-0) Proceedings 12 Click to view Recorded Media
Chamber House Calendar Date 2/18/2021 Legislative Date 2/18/2021 Action Referred Economic Matters Proceedings 13 Click to view Recorded Media
Chamber House Calendar Date 3/16/2021 Legislative Date 3/16/2021 Action Hearing 3/24 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/28/2021 Legislative Date 3/28/2021 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/30/2021 Legislative Date 3/14/2021 Action Favorable Adopted Second Reading Passed Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/30/2021 Legislative Date 3/15/2021 Action Third Reading Passed (135-0) Proceedings 34 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2021 Legislative Date 3/10/2021 Action Returned Passed Proceedings 37 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/13/2021 Legislative Date 4/13/2021 Action Approved by the Governor - Chapter 101 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	9/22/2020	9/22/2020	Pre-filed
Senate	1/13/2021	1/13/2021	First Reading Finance
Senate	12/23/2020	12/23/2020	Hearing 1/20 at 1:00 p.m.
			Text - First - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements
Senate	1/18/2021	1/18/2021	Hearing canceled
Senate	1/18/2021	1/18/2021	Hearing 2/02 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	2/09/2021	2/09/2021	Favorable Report by Finance
Senate	2/10/2021	2/10/2021	Favorable Adopted	10 Click to view Recorded Media
Senate	2/10/2021	2/10/2021	Second Reading Passed	10 Click to view Recorded Media
			Text - Third - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements
Senate	2/16/2021	2/11/2021	Third Reading Passed (46-0)	12 Click to view Recorded Media
House	2/18/2021	2/18/2021	Referred Economic Matters	13 Click to view Recorded Media
House	3/16/2021	3/16/2021	Hearing 3/24 at 1:30 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/28/2021	3/28/2021	Favorable Report by Economic Matters
House	3/30/2021	3/14/2021	Favorable Adopted Second Reading Passed	33 Click to view Recorded Media
House	3/30/2021	3/15/2021	Third Reading Passed (135-0)	34 Click to view Recorded Media
Senate	3/31/2021	3/10/2021	Returned Passed	37 Click to view Recorded Media
Post Passage	4/13/2021	4/13/2021	Approved by the Governor - Chapter 101
			Text - Chapter - Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements

File Code

Subjects

Statutes

Article - Financial Institutions

( 11-201, 11-208, 11-209.1, 11-210, 11-211, 11-301, 11-301 through 11-304, 11-303, 11-401, 11-408, 11-410, 11-411, 11-412, 11-501, 11-505, 11-512, 11-512.1, 11-514, 11-601, 11-603, 11-603.1, 11-609, 12-101, 12-110, 12-110.1, 12-112, 12-113, 12-401, 12-410, 12-415, 12-422, 12-901, 12-911, 12-913, 12-915, 12-925 )