Introduced
by
To require mortgage loan officers to provide written notification to the state Office of Financial and Insurance Services (OFIS) within 10 days whenever they start or stop working for a mortgage lender or broker, move, change their phone number or are convicted for certain financial malfeasance or fraud crimes. 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-1) 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
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 substitute (S-1) 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
Passed in the Senate 38 to 0 (details)
To require mortgage loan officers to provide written notification to the state Office of Financial and Insurance Services (OFIS) within 10 days whenever they start or stop working for a mortgage lender or broker, move, change their phone number or are convicted for certain financial malfeasance or fraud crimes. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310.
Passed in the House 107 to 0 (details)
To concur with the Senate-passed version of the bill.
