Bill Text: TX SB232 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the consumer credit commissioner.
Sponsorship: Bipartisan Bill
Status: (Passed) 2013-06-14 - Effective on 9/1/13 [SB232 Detail]
Download: Texas-2013-SB232-Enrolled.html
| S.B. No. 232 | ||
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| relating to use of the Nationwide Mortgage Licensing System and | ||
| Registry in connection with the regulatory authority of the | ||
| consumer credit commissioner. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter C, Chapter 14, Finance Code, is | ||
| amended by adding Section 14.109 to read as follows: | ||
| Sec. 14.109. USE OF THE NATIONWIDE MORTGAGE LICENSING | ||
| SYSTEM AND REGISTRY. (a) In this section, "Nationwide Mortgage | ||
| Licensing System and Registry" or "nationwide registry" means a | ||
| licensing system developed and maintained by the Conference of | ||
| State Bank Supervisors and an affiliated organization to manage | ||
| mortgage licenses and other financial services licenses or a | ||
| successor registry. | ||
| (b) This section applies only to: | ||
| (1) this chapter; and | ||
| (2) Chapter 342, 348, 351, 393, or 394. | ||
| (c) The commissioner may require that a person submit | ||
| through the Nationwide Mortgage Licensing System and Registry in | ||
| the form and manner prescribed by the commissioner and acceptable | ||
| to the registry any information or document or payment of a fee | ||
| required to be submitted to the commissioner under: | ||
| (1) a chapter to which this section applies; or | ||
| (2) rules adopted under the chapter. | ||
| (d) The commissioner may use the nationwide registry as a | ||
| channeling agent for obtaining information required for licensing | ||
| or registration purposes under a chapter listed in Subsection | ||
| (b)(2) or rules adopted under the chapter, including: | ||
| (1) criminal history record information from the | ||
| Federal Bureau of Investigation, the United States Department of | ||
| Justice, or any other agency or entity at the commissioner's | ||
| discretion; | ||
| (2) information related to any administrative, civil, | ||
| or criminal findings by a governmental jurisdiction; and | ||
| (3) information requested by the commissioner under | ||
| Section 342.101(a)(4), 348.502(a)(3), 351.101(a)(4), | ||
| 393.604(a)(5), or 394.204(c)(8). | ||
| SECTION 2. This Act takes effect September 1, 2013. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 232 passed the Senate on | ||
| March 13, 2013, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 232 passed the House on | ||
| May 17, 2013, by the following vote: Yeas 129, Nays 5, two | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
