US Congress House Bill 2379 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on June 14 2013 - 25% progression, died in committee
Action: 2013-06-14 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Qualified Mortgage Loan Originator Transitional Authority Act of 2013 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 with respect to the prohibition against an individual's engaging in the business of a loan originator without first obtaining (and maintaining annually) a registration as a registered loan originator or a license and registration as a state-licensed loan originator, as well as obtaining a unique identifier. Authorizes certain individuals who are qualified registered loan originators under the Truth in Lending Act to act as a loan originator, during a 90-day period following submission of background check materials, under the supervision of a state-licensed firm that engages in loan origination. Terminates the individual's authority to act as a loan originator upon the end of such 90-day period.

Qualified Mortgage Loan Originator Transitional Authority Act of 2013

Rep. Spencer Bachus [R-AL]

Sen. Shelley Capito [R-WV]

Rep. Gary Miller [R-CA]

Sen. Gary Peters [D-MI]

Date	Chamber	Action
2013-06-14	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/2379/all-info
Text	https://www.congress.gov/113/bills/hr2379/BILLS-113hr2379ih.pdf