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Tuesday, February 09, 2010
Home » Bills » Selected Bill Detail
 
CS/HB 7099 - Mortgage Brokering and Mortgage Lending
GENERAL BILL   by Government Operations Appropriations Committee and Insurance, Business & Financial Affairs Policy Committee and Patterson (CO-SPONSORS) Workman
Mortgage Brokering and Mortgage Lending: Authorizes FSC to enforce compliance with S.A.F.E. Mortgage Licensing Act of 2008; authorizes OFR to participate in Nationwide Mortgage Licensing System & Registry; prohibits unfair & deceptive advertising relating to mortgage brokering & lending; revises provisions relating to who is exempt from loan originator or mortgage broker licensing & regulation; provides for licensure of mortgage brokers; provides for licensure of loan originators; prohibits loan originator from being employed or contracting with more than one mortgage broker or mortgage lender; provides for management of mortgage broker by principal loan originator & branch office by loan originator; revises provisions relating to licensure of mortgage broker's branch office; revises provisions relating to loan origination & mortgage broker fees; revises provisions relating to exemptions from mortgage lender licensing & regulation requirements; provides for licensure of mortgage lenders; requires mortgage lenders to obtain annual financial audit reports; revises provisions relating to mortgage lender branch office licenses; provides for principal loan originator & branch manager for mortgage lender; revises requirements of mortgage lenders; provides for termination of mortgage business school licenses, mortgage brokerage business licenses, mortgage broker licenses, & correspondent mortgage lender licenses.
Effective Date: October 1, 2010
Last Event: Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2226 (Ch. 2009-241) on Friday, May 01, 2009 12:57 PM
Date Available for Final Passage: Monday, April 27, 2009 2:03 PM
Recommending committee actions by:
  Insurance, Business & Financial Affairs Policy Committee
 On agenda for: 03/27/09 8:00 AMNotice
    Favorable (final action)See Votes
Referred Committees and Committee Actions:
-  Government Operations Appropriations Committee
      On agenda for: 04/13/09 12:00 PMNotice
Favorable With Committee Substitute (final action)See Votes
Related Bills:
Bill Text:
Engrossed 1 
Committee Substitute 1  
A 372667, WorkmanDate Filed: 04/22/09, Page#: 0, Line#: 3235House: Adopted 04/23/09
Original Filed Version  
PCB Text
Staff Analysis:
Vote History:
(no votes recorded)
Bill History:
EventTimeMemberCommittee
Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/CS/SB 2226 (Ch. 2009-241) Friday, May 01, 2009 12:57 PM   
Substituted CS/CS/SB 2226 Friday, May 01, 2009 12:57 PM   
Temporarily postponed, on 3rd Reading Wednesday, April 29, 2009 9:43 AM   
Temporarily postponed, on 3rd Reading Tuesday, April 28, 2009 9:15 AM   
Temporarily postponed, on 3rd Reading Monday, April 27, 2009 9:35 AM   
Added to Third Reading Calendar Thursday, April 23, 2009 7:03 PM   
Amendment 372667 adopted Thursday, April 23, 2009 2:03 PM   
Read 2nd time Thursday, April 23, 2009 1:56 PM   
Amendment 372667 filed Wednesday, April 22, 2009 1:11 PM   
Bill added to Special Order Calendar (4/23/2009) Tuesday, April 21, 2009 7:53 PM   
Added to Second Reading Calendar Tuesday, April 21, 2009 6:49 PM   
Bill referred to House Calendar Tuesday, April 21, 2009 6:49 PM   
1st Reading Thursday, April 16, 2009 11:59 PM   
CS Filed Thursday, April 16, 2009 5:53 PM   
Laid on Table under Rule 7.20 Thursday, April 16, 2009 5:53 PM   
Reported out of Government Operations Appropriations Committee Thursday, April 16, 2009 5:49 PM  Government Operations Appropriations Committee
Favorable with CS by Government Operations Appropriations Committee Monday, April 13, 2009 2:30 PM  Government Operations Appropriations Committee
Added to Government Operations Appropriations Committee agenda Thursday, April 09, 2009 4:16 PM  Government Operations Appropriations Committee
Now in Government Operations Appropriations Committee Wednesday, April 08, 2009 7:59 PM  Government Operations Appropriations Committee
Referred to Government Operations Appropriations Committee Wednesday, April 08, 2009 7:59 PM  Government Operations Appropriations Committee
1st Reading Friday, March 27, 2009 4:47 PM   
Filed Friday, March 27, 2009 1:29 PM  Insurance, Business & Financial Affairs Policy Committee
Statutes Referenced by this Bill
494.001
494.0011
494.0014
494.00165
494.0017
494.00172
494.0018
494.0019
494.002
494.0023
494.0025
494.0028
494.0029
494.00295
494.00296
494.003
494.0031
494.00312
494.00313
494.0032
494.00321
494.00322
494.0033
494.00331
494.0034
494.0035
494.0036
494.0038
494.0039
494.004
494.0041
494.0042
494.00421
494.0043
494.006
494.0061
494.00611
494.00612
494.0062
494.0063
494.0064
494.0065
494.0066
494.00665
494.0067
494.0068
494.0069
494.007
494.0071
494.0072
494.00721
494.0073
494.0075
494.0077
501.1377
494.00115
494.00135
494.00255
494.0026
201.23
420.507
494.0076
520.52
520.63
607.0505
687.12
 

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