VA SB75 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 8 2012 - 100% progression
Action: 2012-03-08 - Governor: Acts of Assembly Chapter text (CHAP0187)
Text: Latest bill text (Chaptered) [HTML]

Summary

Mortgage loan originators; bona fide nonprofit organizations. Exempts employees of bona fide nonprofit organizations from licensing and registration requirements applicable to mortgage loan originators. The State Corporation Commission is directed to prescribe, by regulation, procedures and criteria to be used to determine whether an organization is a bona fide nonprofit organization. In doing so, the Commission shall consider criteria adopted by the Consumer Financial Protection Bureau or other federal agency with rulemaking authority under the Secure and Fair Enforcement for Mortgage Licensing Act. The measure includes technical changes. This measure is a recommendation of the Virginia Housing Commission.

Tracking Information

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Title

Mortgage loan originators; exempts from licensing employees of bona fide nonprofit organizations.

Sponsors


Roll Calls

2012-02-21 - House - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (Y: 102 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-16 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2012-01-20 - Senate - Senate: Bills placed in block (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-18 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-01-16 - Senate - Senate: Reported from Commerce and Labor with substitute (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2012-03-08 Governor: Acts of Assembly Chapter text (CHAP0187)
2012-03-08 Governor: Approved by Governor-Chapter 187 (effective 7/1/12)
2012-02-23 House: Signed by Speaker
2012-02-23 Senate: Signed by President
2012-02-23 Senate: Bill text as passed Senate and House (SB75ER)
2012-02-23 Senate: Enrolled
2012-02-21 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
2012-02-21 House: Passed House BLOCK VOTE (100-Y 0-N)
2012-02-21 House: Read third time
2012-02-20 House: Read second time
2012-02-16 House: Reported from Commerce and Labor (22-Y 0-N)
2012-02-13 House: Referred to Committee on Commerce and Labor
2012-02-13 House: Read first time
2012-02-13 House: Placed on Calendar
2012-01-20 Senate: Passed Senate (39-Y 0-N)
2012-01-20 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
2012-01-20 Senate: Read third time and passed Senate (38-Y 0-N)
2012-01-20 Senate: Bills placed in block (39-Y 0-N)
2012-01-19 Senate: Engrossed by Senate - committee substitute SB75S1
2012-01-19 Senate: Committee substitute agreed to 12104232D-S1
2012-01-19 Senate: Reading of substitute waived
2012-01-19 Senate: Read second time
2012-01-18 Senate: Constitutional reading dispensed (39-Y 0-N)
2012-01-16 Senate: Committee substitute printed 12104232D-S1
2012-01-16 Senate: Reported from Commerce and Labor with substitute (16-Y 0-N)
2012-01-05 Senate: Referred to Committee on Commerce and Labor
2012-01-05 Senate: Prefiled and ordered printed; offered 01/11/12 12101450D

Same As/Similar To

HB570 (Same As) 2012-03-01 - Governor: Acts of Assembly Chapter text (CHAP0052)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
621700(n/a)See Bill Text
621701(n/a)See Bill Text
621709(n/a)See Bill Text
621711(n/a)See Bill Text
621715(n/a)See Bill Text
621719(n/a)See Bill Text
621720(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+SB75
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB75+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB75S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB75ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0187+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S02V0005+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0035SB0075+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0047SB0075+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0048SB0075+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0049SB0075+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0050SB0075+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H14V0117+SB0075
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV0927+SB0075

Bill Comments

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