Introduced
by
To prohibit mortgage brokers and lenders from paying a non-employee, or one not registered as a mortgage officer, for originating a mortgage loan. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310 (HB 5295 in particular).
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Amendment offered
by
To delete certain redundant language from the definition of "employee".
The amendment passed by voice vote
Passed in the House 108 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To prohibit mortgage brokers and lenders from paying a non-employee, or one not registered as a mortgage officer, for originating a mortgage loan. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5291, and Senate Bills 826 to 833.
Passed in the House 108 to 0 (details)
To concur with the Senate-passed version of the bill.
