Legislation

Title: Financial Institutions - Registered Mortgage Loan Originators - Expedited Licenses
Sponsored by: Senators Klausmeier, Middleton, Astle, Feldman, Glassman, Kelley, Kittleman, Mathias, Pugh, and Ramirez
Status: Approved by the Governor - Chapter 579
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring the Commissioner of Financial Regulation to waive a State criminal history records check to expedite the issuance of a specified license to an applicant who was employed as a registered mortgage loan originator within 45 days before the date of application for the license under specified circumstances; requiring the Commissioner to publish prominently on a specified web site the expedited process for issuance of a specified license; authorizing the Commissioner to adopt specified regulations; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): October 1, 2014

History

Legislation History
Chamber Senate Calendar Date 2/27/2014 Legislative Date 2/28/2014 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 3/05/2014 Legislative Date 3/05/2014 Action Hearing 3/06 at 11:00 a.m. Proceedings
Chamber Senate Calendar Date 3/06/2014 Legislative Date 3/07/2014 Action Rereferred to Finance Proceedings
Chamber Senate Calendar Date 3/07/2014 Legislative Date 3/07/2014 Action Hearing 3/20 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/20/2014 Legislative Date 3/21/2014 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/21/2014 Legislative Date 3/16/2014 Action Favorable with Amendments {677579/1 Report Adopted Proceedings 50
Chamber Senate Calendar Date 3/21/2014 Legislative Date 3/16/2014 Action Floor Committee Amendment (Finance) {367074/1 Adopted Proceedings 50
Chamber Senate Calendar Date 3/21/2014 Legislative Date 3/16/2014 Action Second Reading Passed with Amendments Proceedings 50
Chamber Senate Calendar Date 3/24/2014 Legislative Date 3/17/2014 Action Third Reading Passed (46-0) Proceedings 51
Chamber House Calendar Date 3/25/2014 Legislative Date 3/20/2014 Action First Reading House Rules and Executive Nominations Proceedings 56
Chamber House Calendar Date 3/26/2014 Legislative Date 3/26/2014 Action Rereferred to Economic Matters Proceedings
Chamber House Calendar Date 3/27/2014 Legislative Date 3/27/2014 Action Hearing 4/01 at 1:00 p.m. Proceedings
Chamber House Calendar Date 4/02/2014 Legislative Date 4/03/2014 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 4/03/2014 Legislative Date 3/27/2014 Action Favorable Report Adopted Proceedings 63
Chamber House Calendar Date 4/03/2014 Legislative Date 3/27/2014 Action Second Reading Passed Proceedings 63
Chamber House Calendar Date 4/04/2014 Legislative Date 3/28/2014 Action Third Reading Passed (137-0) Proceedings 64
Chamber Senate Calendar Date 4/05/2014 Legislative Date 3/27/2014 Action Returned Passed Proceedings 61
Chamber Post Passage Calendar Date 5/15/2014 Legislative Date 5/15/2014 Action Approved by the Governor - Chapter 579 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/27/2014	2/28/2014	First Reading Senate Rules
Senate	3/05/2014	3/05/2014	Hearing 3/06 at 11:00 a.m.
Senate	3/06/2014	3/07/2014	Rereferred to Finance
Senate	3/07/2014	3/07/2014	Hearing 3/20 at 1:00 p.m.
Senate	3/20/2014	3/21/2014	Favorable with Amendments Report by Finance
Senate	3/21/2014	3/16/2014	Favorable with Amendments {677579/1 Report Adopted	50
Senate	3/21/2014	3/16/2014	Floor Committee Amendment (Finance) {367074/1 Adopted	50
Senate	3/21/2014	3/16/2014	Second Reading Passed with Amendments	50
Senate	3/24/2014	3/17/2014	Third Reading Passed (46-0)	51
House	3/25/2014	3/20/2014	First Reading House Rules and Executive Nominations	56
House	3/26/2014	3/26/2014	Rereferred to Economic Matters
House	3/27/2014	3/27/2014	Hearing 4/01 at 1:00 p.m.
House	4/02/2014	4/03/2014	Favorable Report by Economic Matters
House	4/03/2014	3/27/2014	Favorable Report Adopted	63
House	4/03/2014	3/27/2014	Second Reading Passed	63
House	4/04/2014	3/28/2014	Third Reading Passed (137-0)	64
Senate	4/05/2014	3/27/2014	Returned Passed	61
Post Passage	5/15/2014	5/15/2014	Approved by the Governor - Chapter 579

Documents

Date Posted	Document Name
3/21/2014	Amendments Senate - (Finance) {367074/01 Adopted
3/21/2014	Amendments Senate - (Finance) {677579/01 Adopted
2/28/2014	Text - First - Financial Institutions - Transitional Mortgage Loan Originator Licenses
3/21/2014	Text - Third - Financial Institutions - Registered Mortgage Loan Originators - Expedited Licenses
5/20/2014	Text - Chapter - Financial Institutions - Registered Mortgage Loan Originators - Expedited Licenses
3/21/2014	Vote - Senate - Committee - Finance
4/02/2014	Vote - House - Committee - Economic Matters
3/17/2014	Vote - Senate Floor - Third Reading Passed (46-0) - 03/17/14
3/28/2014	Vote - House Floor - Third Reading Passed (137-0) - 03/28/14

File Code

Subjects

Statutes