Legislation

Title: Commissioner of Financial Regulation - Regulation of Mortgage Lenders, Mortgage Loan Originators, and Money Transmitters - Revisions
Sponsored by: Chair, Economic Matters Committee (By Request - Departmental - Labor, Licensing and Regulation)
Status: In the House - Hearing 3/20 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring a separate license for the principal executive office and each branch office of an applicant for a mortgage lender license and a mortgage lender licensee; requiring an applicant for a mortgage lender license or a license renewal to apply through the Nationwide Mortgage Licensing System and Registry (NMLS); requiring each applicant for a mortgage lender license to obtain a unique identifier from NMLS; authorizing the Commissioner of Financial Regulation to keep a specified license fee under specified circumstances; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:

Details

Bill File Type: Regular

Effective Date(s): July 1, 2013

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 2/12/2013 Legislative Date 2/13/2013 Action First Reading House Rules and Executive Nominations Proceedings
Chamber House Calendar Date 2/26/2013 Legislative Date 2/26/2013 Action Rereferred to Economic Matters Proceedings
Chamber House Calendar Date 3/15/2013 Legislative Date 3/15/2013 Action Hearing 3/20 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/12/2013	2/13/2013	First Reading House Rules and Executive Nominations
House	2/26/2013	2/26/2013	Rereferred to Economic Matters
House	3/15/2013	3/15/2013	Hearing 3/20 at 1:00 p.m.

Documents

Date Posted	Document Name
2/13/2013	Text - First - Commissioner of Financial Regulation - Regulation of Mortgage Lenders, Mortgage Loan Originators, and Money Transmitters - Revisions

File Code

Subjects

Statutes