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2005 Regular Session bill information current as of December 15, 2005 - 10:48 p.m.
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SENATE BILL 660

File Code: Financial Institutions
Crossfiled with: HOUSE BILL 1040

Sponsored By:
Senators Astle and Exum

Entitled:
Financial Institutions - Consumer Credit - Mortgage Originators

Synopsis:

Prohibiting an individual from acting as a mortgage originator on or after a specified date unless the individual is a licensee or is exempt from licensing under the Act; providing that a license issued under the Act authorizes a licensee to act as a mortgage originator only under specified circumstances; prohibiting a licensee from maintaining more than one license or being employed by more than one mortgage lender; providing that a mortgage lender is not required to maintain an office in the State under specified circumstances; etc.

History by Legislative Date

Senate Action
2/4
First Reading Finance
2/8
Hearing 3/1 at 1:00 p.m.
3/25
Favorable with Amendments Report by Finance
3/24
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/28
Third Reading Passed (47-0)
4/8
Senate Concur - House Amendment
Third Reading Passed (45-0)
Passed Enrolled
House Action
3/27
First Reading House Rules and Executive Nominations
4/4
Re-referred Economic Matters
4/5
Hearing 4/7 at 1:00 p.m.
4/9
Favorable with Amendments Report by Economic Matters
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/6
Third Reading Passed with Amendments (128-0)
Action after passage in Senate and House
5/26
Governor vetoed - Cross-filed bill was signed

Sponsored by:

Senator John C. Astle, District 30
Senator Nathaniel Exum, District 24

Bill indexed under the following Subjects:

APPROPRIATIONS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
COURTS -see also- CIRCUIT; APPEALS; DISTRICT; ORPHANS'; etc.
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
CRIMINAL BACKGROUND INVESTIGATIONS
EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc
EXAMINATIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL REGULATION, DIVISION OF
FINES
FINGERPRINTING
HEARINGS
INTERSTATE AFFAIRS
INVESTIGATIONS AND INQUIRIES -see also- CRIM BCKGRND INVEST.
LABOR, LICENSING, AND REGULATION, DEPARTMENT OF
LIABILITY -see also- GOOD SAMARITAN
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
MORTGAGES
NOTICES
PENALTIES
PETITIONS
RULES AND REGULATIONS
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc

Bill affects the following Statutes:

Financial Institutions
( 11-517 , 11-601 , 11-602 , 11-603 , 11-604 , 11-605 , 11-606 , 11-607 , 11-608 , 11-609 , 11-610 , 11-611 , 11-612 , 11-613 , 11-614 , 11-615 , 11-616 , 11-617 , 11-618 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):
Senate
Number: 437972/01 (WordPerfect / PDF)     Offered on: March 25, 2005   at: 1:51 p.m.     Status: Adopted
House
Number: 253296/01 (WordPerfect / PDF)     Offered on: April 9, 2005   at: 12:24 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):
Senate
March 28, 2005: Third Reading Passed (47-0)
April 8, 2005: Third Reading Passed (45-0)
House
April 6, 2005: Third Reading Passed (128-0)


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