CHAPTER NUMBER: 473
File Code: Financial Institutions
Crossfiled with: HOUSE BILL 1096
- Sponsored By:
-
Senator Astle
- Entitled:
-
Mortgage Lenders - Sole Proprietors - Qualifications for Licensure
Authorizing the Commissioner of Financial Regulation to issue a
mortgage lender license to an applicant who is a sole proprietor and
who does not meet the 3-year experience requirement under specified
circumstances; specifying the conditions under which a sole proprietor
may be licensed under the Act; prohibiting a sole proprietor who is
licensed under the Act from aiding or assisting a borrower to obtain a
loan from a financial institution other than the institution
identified in the license application; etc.
Senate Action
- 2/6
- First Reading Finance
- 2/25
- Hearing 3/12 at 1:00 p.m.
- 3/3
- Hearing cancelled
- Hearing 3/17 at 1:00 p.m.
- 3/26
- Favorable with Amendments Report by Finance
- Favorable with Amendments
- Laid Over (Senator Harris) Adopted
- 3/29
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/30
- Third Reading Passed (44-3)
- 4/10
- Returned Passed
- 5/26
- Signed by the Governor Chapter 473
House Action
- 3/31
- First Reading House Rules and Executive Nominations
- 4/10
- Re-referred Economic Matters
- 4/9
- Hearing 4/10 at 1:00 p.m.
- 4/12
- Favorable Report by Economic Matters
- 4/8
- Favorable Report Adopted
- Second Reading Passed
- Motion Rules Suspended two readings same day (Delegate Barve) Adopted (132-4)
- Third Reading Passed (118-15)
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- CHECKS
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
- FINANCIAL REGULATION, DIVISION OF
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
- MORTGAGES
- Bill affects the following Statute:
- Financial Institutions
- (
11-506
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 477773/01 (PDF) Offered on: March 29, 2004 at:
8:22 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 30, 2004: Third Reading Passed (44-3)
- House
- April 8, 2004: Motion Rules Suspended two readings same day (Barve) Adopted (132-4)
- April 8, 2004: Third Reading Passed (118-15)
