VA HB2389 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on March 26 2023 - 100% progression
Action: 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0573)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on March 26 2023 - 100% progression
Action: 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0573)
Text: Latest bill text (Chaptered) [HTML]
Summary
Remote location requirements for mortgage lending and brokerage entities. Defines "office" and "remote location," as those terms apply to the licensing of mortgage lenders and mortgage brokers, and permits licensees to allow employees and exclusive agents to work from a remote location. The bill allows such an employee or exclusive agent to work at a remote location only if certain requirements are met, including the establishment of written policies and procedures for remote work supervision; compliance with security plans and federal and state security requirements; the employment of appropriate risk-based monitoring and oversight processes; agreement of the employee or exclusive agent to comply with established practices; the proper maintenance of physical records; access of the licensee's secure systems via a virtual private network with password protection; the installation and maintenance of security updates; and the designation of the principal place of business as the mortgage loan originator's registered location for the purposes of the Nationwide Mortgage Licensing System and Registry record.
Title
Mortgage lending and brokerage entities; definitions remote location requirements.
Sponsors
Roll Calls
2023-02-23 - House - House: VOTE: Adoption (96-Y 0-N) (Y: 96 N: 0 NV: 0 Abs: 4) [PASS]
2023-02-22 - Senate - Senate: Passed Senate with substitute (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-21 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-20 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-07 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-02 - House - House: Reported from Commerce and Energy with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-31 - House - House: Subcommittee recommends reporting with substitute (9-Y 0-N) (Y: 9 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-22 - Senate - Senate: Passed Senate with substitute (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-21 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-20 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-07 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-02 - House - House: Reported from Commerce and Energy with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-31 - House - House: Subcommittee recommends reporting with substitute (9-Y 0-N) (Y: 9 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-03-26 | Governor: Acts of Assembly Chapter text (CHAP0573) | |
2023-03-26 | Governor: Approved by Governor-Chapter 573 (effective 7/1/23) | |
2023-03-13 | Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023 | |
2023-03-13 | House | Enrolled Bill communicated to Governor on March 13, 2023 |
2023-03-08 | Senate | Signed by President |
2023-03-08 | House | Signed by Speaker |
2023-03-07 | House | Bill text as passed House and Senate (HB2389ER) |
2023-03-07 | House | Enrolled |
2023-02-23 | House | VOTE: Adoption (96-Y 0-N) |
2023-02-23 | House | Senate substitute agreed to by House 23107216D-S1 (96-Y 0-N) |
2023-02-22 | Senate | Passed Senate with substitute (40-Y 0-N) |
2023-02-22 | Senate | Engrossed by Senate - committee substitute HB2389S1 |
2023-02-22 | Senate | Committee substitute agreed to 23107216D-S1 |
2023-02-22 | Senate | Reading of substitute waived |
2023-02-22 | Senate | Read third time |
2023-02-21 | Senate | Constitutional reading dispensed (39-Y 0-N) |
2023-02-20 | Senate | Committee substitute printed 23107216D-S1 |
2023-02-20 | Senate | Reported from Commerce and Labor with substitute (15-Y 0-N) |
2023-02-08 | Senate | Referred to Committee on Commerce and Labor |
2023-02-08 | Senate | Constitutional reading dispensed |
2023-02-07 | House | VOTE: Block Vote Passage (99-Y 0-N) |
2023-02-07 | House | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
2023-02-06 | House | Engrossed by House - committee substitute HB2389H1 |
2023-02-06 | House | Committee substitute agreed to 23106058D-H1 |
2023-02-06 | House | Read second time |
2023-02-05 | House | Read first time |
2023-02-02 | House | Committee substitute printed 23106058D-H1 |
2023-02-02 | House | Reported from Commerce and Energy with substitute (22-Y 0-N) |
2023-01-31 | House | Subcommittee recommends reporting with substitute (9-Y 0-N) |
2023-01-30 | House | Assigned sub: Subcommittee #2 |
2023-01-17 | House | Referred to Committee on Commerce and Energy |
2023-01-17 | House | Presented and ordered printed 23104203D |