Legislation

Title: Financial Institutions – Mortgage Loan Originators – Independent Contractors
Sponsored by: Senator Klausmeier
Status: In the House - Rereferred to Economic Matters
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering certain provisions of law relating to the licensing of mortgage loan originators to provide for the licensing of certain independent contractors as mortgage loan originators under certain circumstances; requiring licensed mortgage lenders to supervise certain activities of certain mortgage loan originators in a certain manner; and requiring the Commissioner of Financial Regulation to submit a report to certain committees of the General Assembly on or before December 31, 2024, on mortgage loan originators.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Cross-filed with: HB0282

Bill File Type: Regular

Effective Date(s): October 1, 2023

History

Legislation History
Chamber Senate Calendar Date 1/27/2023 Legislative Date 1/27/2023 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions – Mortgage Loan Originators – Independent Contractors Proceedings
Chamber Senate Calendar Date 1/30/2023 Legislative Date 1/30/2023 Action Hearing 2/15 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 4/06/2023 Legislative Date 4/06/2023 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 4/06/2023 Legislative Date 3/24/2023 Action Favorable with Amendments {333723/1 Adopted Proceedings 61 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2023 Legislative Date 3/24/2023 Action Second Reading Passed with Amendments Proceedings 61 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions – Mortgage Loan Originators – Independent Contractors Proceedings
Chamber Senate Calendar Date 4/07/2023 Legislative Date 3/25/2023 Action Third Reading Passed (41-4) Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/08/2023 Legislative Date 3/30/2023 Action Referred Rules and Executive Nominations Proceedings 67 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Rules and Executive Nominations Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/10/2023 Legislative Date 4/10/2023 Action Rereferred to Economic Matters Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/27/2023	1/27/2023	First Reading Finance
			Text - First - Financial Institutions – Mortgage Loan Originators – Independent Contractors
Senate	1/30/2023	1/30/2023	Hearing 2/15 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/06/2023	4/06/2023	Favorable with Amendments Report by Finance
Senate	4/06/2023	3/24/2023	Favorable with Amendments {333723/1 Adopted	61 Click to view Recorded Media
Senate	4/06/2023	3/24/2023	Second Reading Passed with Amendments	61 Click to view Recorded Media
			Text - Third - Financial Institutions – Mortgage Loan Originators – Independent Contractors
Senate	4/07/2023	3/25/2023	Third Reading Passed (41-4)	62 Click to view Recorded Media
House	4/08/2023	3/30/2023	Referred Rules and Executive Nominations	67 Click to view Recorded Media
			Vote - House - Committee - Rules and Executive Nominations	Click to view Recorded Media
House	4/10/2023	4/10/2023	Rereferred to Economic Matters

File Code

Subjects

Statutes