Legislation - HB0686

Title: Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements
Sponsored by: Delegate Queen
Status: Approved by the Governor - Chapter 567
Analysis: Fiscal and Policy Note

Synopsis

Eliminating requirements for collection agencies and certain non-depository financial institutions to maintain separate licenses for branch locations and authorizing them to conduct business at multiple licensed locations under a single license; and altering certain other requirements and provisions governing the licensing and regulation of collection agencies and certain non-depository financial institutions, including applications, assessments, and bond requirements.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber House Calendar Date 2/06/2023 Legislative Date 2/06/2023 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements Proceedings
Chamber House Calendar Date 2/07/2023 Legislative Date 2/07/2023 Action Hearing 3/01 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/08/2023 Legislative Date 2/08/2023 Action Hearing canceled Proceedings
Chamber House Calendar Date 2/08/2023 Legislative Date 2/08/2023 Action Hearing 2/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/18/2023 Legislative Date 3/18/2023 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/18/2023 Legislative Date 3/11/2023 Action Favorable Adopted Second Reading Passed Proceedings 48 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements Proceedings
Chamber House Calendar Date 3/20/2023 Legislative Date 3/13/2023 Action Third Reading Passed (134-0) Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2023 Legislative Date 3/13/2023 Action Referred Finance Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2023 Legislative Date 3/21/2023 Action Hearing 3/23 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 3/31/2023 Legislative Date 3/31/2023 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/31/2023 Legislative Date 3/21/2023 Action Favorable Adopted Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 3/31/2023 Legislative Date 3/21/2023 Action Second Reading Passed Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2023 Legislative Date 3/23/2023 Action Third Reading Passed (46-0) Proceedings 60 Click to view Recorded Media
Chamber House Calendar Date 4/05/2023 Legislative Date 3/25/2023 Action Returned Passed Proceedings 62 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2023 Legislative Date 5/08/2023 Action Approved by the Governor - Chapter 567 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/06/2023	2/06/2023	First Reading Economic Matters
			Text - First - Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements
House	2/07/2023	2/07/2023	Hearing 3/01 at 1:00 p.m.
House	2/08/2023	2/08/2023	Hearing canceled
House	2/08/2023	2/08/2023	Hearing 2/22 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/18/2023	3/18/2023	Favorable Report by Economic Matters
House	3/18/2023	3/11/2023	Favorable Adopted Second Reading Passed	48 Click to view Recorded Media
			Text - Third - Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements
House	3/20/2023	3/13/2023	Third Reading Passed (134-0)	50 Click to view Recorded Media
Senate	3/20/2023	3/13/2023	Referred Finance	50 Click to view Recorded Media
Senate	3/21/2023	3/21/2023	Hearing 3/23 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/31/2023	3/31/2023	Favorable Report by Finance
Senate	3/31/2023	3/21/2023	Favorable Adopted	58 Click to view Recorded Media
Senate	3/31/2023	3/21/2023	Second Reading Passed	58 Click to view Recorded Media
Senate	4/05/2023	3/23/2023	Third Reading Passed (46-0)	60 Click to view Recorded Media
House	4/05/2023	3/25/2023	Returned Passed	62 Click to view Recorded Media
Post Passage	5/08/2023	5/08/2023	Approved by the Governor - Chapter 567
			Text - Chapter - Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements

File Code

Subjects

Statutes

Article - Financial Institutions

( 11-201, 11-203.1, 11-203.3, 11-204, 11-206, 11-208, 11-210, 11-211, 11-401, 11-402.1, 11-403, 11-404, 11-406, 11-408, 11-410, 11-411, 11-414, 11-501, 11-503.1, 11-503.2, 11-505, 11-506.1, 11-507, 11-508, 11-511, 11-512, 11-512.1, 11-513, 11-601, 11-602, 11-610, 11-612.1, 12-1007, 12-101, 12-104.1, 12-105, 12-106, 12-108, 12-110, 12-112, 12-113, 12-114, 12-118, 12-401, 12-404, 12-406, 12-407, 12-410, 12-412, 12-415, 12-424, 12-901, 12-904, 12-905, 12-906, 12-908, 12-911, 12-914, 12-915, 12-923, 12-924, 2-120, 2-121 )