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]

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

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]

History

DateChamberAction
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
2023-03-13HouseEnrolled Bill communicated to Governor on March 13, 2023
2023-03-08SenateSigned by President
2023-03-08HouseSigned by Speaker
2023-03-07HouseBill text as passed House and Senate (HB2389ER)
2023-03-07HouseEnrolled
2023-02-23HouseVOTE: Adoption (96-Y 0-N)
2023-02-23HouseSenate substitute agreed to by House 23107216D-S1 (96-Y 0-N)
2023-02-22SenatePassed Senate with substitute (40-Y 0-N)
2023-02-22SenateEngrossed by Senate - committee substitute HB2389S1
2023-02-22SenateCommittee substitute agreed to 23107216D-S1
2023-02-22SenateReading of substitute waived
2023-02-22SenateRead third time
2023-02-21SenateConstitutional reading dispensed (39-Y 0-N)
2023-02-20SenateCommittee substitute printed 23107216D-S1
2023-02-20SenateReported from Commerce and Labor with substitute (15-Y 0-N)
2023-02-08SenateReferred to Committee on Commerce and Labor
2023-02-08SenateConstitutional reading dispensed
2023-02-07HouseVOTE: Block Vote Passage (99-Y 0-N)
2023-02-07HouseRead third time and passed House BLOCK VOTE (99-Y 0-N)
2023-02-06HouseEngrossed by House - committee substitute HB2389H1
2023-02-06HouseCommittee substitute agreed to 23106058D-H1
2023-02-06HouseRead second time
2023-02-05HouseRead first time
2023-02-02HouseCommittee substitute printed 23106058D-H1
2023-02-02HouseReported from Commerce and Energy with substitute (22-Y 0-N)
2023-01-31HouseSubcommittee recommends reporting with substitute (9-Y 0-N)
2023-01-30HouseAssigned sub: Subcommittee #2
2023-01-17HouseReferred to Committee on Commerce and Energy
2023-01-17HousePresented and ordered printed 23104203D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
621600(n/a)See Bill Text
621607(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB2389
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2389+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2389H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2389S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2389ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0573+hil
Amendmenthttps://committees.lis.virginia.gov/pdfs/23106058D.pdf
Amendmenthttps://committees.lis.virginia.gov/pdfs/drafts/23107216D.pdf
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2389F171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2389FH1171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2389FS1171+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2389FER171+PDF
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H2302V0016+HB2389
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H23V0066+HB2389
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1533+HB2389
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S02V0142+HB2389
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0714HB2389+HB2389
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0790HB2389+HB2389
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV2308+HB2389

Bill Comments

feedback