SB 739 Mortgage Lender and Broker Act.
Charles J. Colgan | all patrons    ...    notes
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Summary:
Mortgage Lender and Broker Act. Clarifies that an exemption from the Act for making 10 or fewer mortgage loans in a 12-month period applies only to lenders. The bill also requires that a lender or broker required to be licensed under the Act maintain its records where such lender or broker is authorized to do regulated business (i.e., its licensed offices). Finally, the bill eliminates a prohibition against a lender or broker advertising that it is regulated or supervised by the State Corporation Commission.

Full text:
01/13/95  Senate: Presented & ordered printed LD0662845  pdf
02/14/95  Senate: Bill text as passed Senate and House (SB739ER)  pdf
03/10/95  Governor: Acts of Assembly Chapter text (CHAP0062)  pdf

Status:
01/13/95  Senate: Presented & ordered printed LD0662845
01/13/95  Senate: Referred to Committee on Commerce and Labor
01/23/95  Senate: Reported from Commerce and Labor (15-Y 0-N)
01/24/95  Senate: Constitutional reading dispensed (40-Y 0-N)
01/24/95  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
01/25/95  Senate: Read second time and engrossed
01/26/95  Senate: Read third time and passed Senate (39-Y 0-N)
01/26/95  Senate: VOTE: PASSAGE (39-Y 0-N)
01/26/95  Senate: Communicated to House
01/27/95  House: Placed on Calendar
01/30/95  House: Read first time
01/30/95  House: Referred to Committee on Corporations, Insurance and Banking
02/09/95  House: Reported from Corp., Ins. & Banking (21-Y 0-N)
02/10/95  House: Read second time
02/13/95  House: Read third time
02/13/95  House: Passed House (Block Vote) (99-Y 0-N)
02/13/95  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/14/95  Senate: Bill text as passed Senate and House (SB739ER)
02/21/95  Senate: Enrolled
02/22/95  House: Signed by Speaker
02/23/95  Senate: Signed by President
03/07/95  Governor: Approved by Governor-Chapter 62 (effective 7/1/95)
03/10/95  Governor: Acts of Assembly Chapter text (CHAP0062)