Virginia House Bill 562 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2020 - 25% progression, died in chamber
Action: 2020-02-04 - Tabled in Labor and Commerce (16-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Mortgage loan originators; exemption. Exempts retailers of manufactured or modular homes and employees of such retailers from the licensing and other requirements applicable to mortgage loan originators. The exemption applies if the retailer or employee (i) does not receive compensation or gain for engaging in certain activities that exceeds any compensation or gain received in a comparable cash transaction; (ii) makes certain disclosures; and (iii) does not directly negotiate loan terms with the consumer or lender.

Mortgage loan originators; exempts retailers of manufactured or modular homes, etc.

Del. Daniel Marshall [R]

2020-02-04 - House - House: Tabled in Labor and Commerce (16-Y 0-N) (Y: 16 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2020-02-04	House	Tabled in Labor and Commerce (16-Y 0-N)
2020-01-06	House	Referred to Committee on Labor and Commerce
2020-01-06	House	Prefiled and ordered printed; offered 01/08/20 20103340D

Chapter	Article	Section	Citation Type	Statute Text
6	2	1701	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB562
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB562+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H14V0180+HB0562