VA HB125 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 11 2016 - 100% progression
Action: 2016-03-11 - Governor: Acts of Assembly Chapter text (CHAP0330)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on March 11 2016 - 100% progression
Action: 2016-03-11 - Governor: Acts of Assembly Chapter text (CHAP0330)
Text: Latest bill text (Chaptered) [HTML]
Summary
Mortgage loan originators; inactive licenses. Authorizes the State Corporation Commission (SCC) to issue an inactive mortgage loan originator license to an individual who has satisfied all requirements for licensure except those pertaining to his surety bond. Similarly, the measure authorizes the SCC to renew, on an inactive basis, the mortgage loan originator license of an individual who has satisfied all requirements for license renewal except those pertaining to his surety bond. A licensee with an inactive license is prohibited from engaging in the business of a mortgage loan originator until the SCC determines that the bonding requirements have been satisfied and has updated his status in the Nationwide Mortgage Licensing System and Registry.
Title
Mortgage loan originators; inactive licenses.
Sponsors
Roll Calls
2016-02-25 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-24 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-22 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-26 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 101 N: 0 NV: 2 Abs: 0) [PASS]
2016-01-19 - House - House: Reported from Commerce and Labor (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-24 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-22 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-26 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 101 N: 0 NV: 2 Abs: 0) [PASS]
2016-01-19 - House - House: Reported from Commerce and Labor (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-11 | Governor: Acts of Assembly Chapter text (CHAP0330) | |
| 2016-03-11 | Governor: Approved by Governor-Chapter 330 (effective 7/1/16) | |
| 2016-03-04 | Governor: Governor's Action Deadline Midnight, March 11, 2016 | |
| 2016-03-04 | House | Enrolled Bill communicated to Governor on 3/4/16 |
| 2016-03-03 | Senate | Signed by President |
| 2016-02-29 | House | Signed by Speaker |
| 2016-02-29 | House | Bill text as passed House and Senate (HB125ER) |
| 2016-02-29 | House | Enrolled |
| 2016-02-25 | Senate | Passed Senate (40-Y 0-N) |
| 2016-02-25 | Senate | Read third time |
| 2016-02-24 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2016-02-22 | Senate | Reported from Commerce and Labor (15-Y 0-N) |
| 2016-01-27 | Senate | Referred to Committee on Commerce and Labor |
| 2016-01-27 | Senate | Constitutional reading dispensed |
| 2016-01-26 | House | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) |
| 2016-01-26 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 2016-01-25 | House | Read second time and engrossed |
| 2016-01-21 | House | Read first time |
| 2016-01-19 | House | Reported from Commerce and Labor (21-Y 0-N) |
| 2015-12-16 | House | Referred to Committee on Commerce and Labor |
| 2015-12-16 | House | Prefiled and ordered printed; offered 01/13/16 16101954D |
