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CS/HB 1281: Loan Origination [CPSC]

GENERAL BILL by Insurance, Business, and Financial Affairs Policy Committee ; Workman ; (CO-INTRODUCERS) Ambler ; Rogers

Loan Origination [CPSC]; Reenacts reference to certain federal laws for purposes of incorporating rules adopted under such laws; specifies application of disciplinary procedures to principal loan originators for actions of loan originators; specifies nonapplication of specified limitations to licensed loan originators operating solely as loan processors; prohibits acting as loan processor unless licensed as loan originator, etc.

Effective Date: 10/01/2010
Last Action: 5/11/2010 - Approved by Governor; Chapter No. 2010-67
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/24/2010 House • Filed
3/2/2010 House • Introduced -HJ 00116
3/3/2010 House • Referred to Insurance, Business, & Financial Affairs Policy (GGPC); Government Operations Appropriations (CGHC); General Government Policy Council -HJ 00205
3/9/2010 House • On Committee agenda-- Insurance, Business, & Financial Affairs Policy (GGPC), 03/11/10, 8:30 am, Webster Hall
3/11/2010 House • CS by Insurance, Business, & Financial Affairs Policy (GGPC); YEAS 13 NAYS 0 -HJ 00280
3/15/2010 House • CS read 1st time on 03/15/10 -HJ 00278; Pending review of CS under Rule 7.20
3/16/2010 House • Original reference(s) removed: Government Operations Appropriations (CGHC); CS referred to General Government Policy Council -HJ 00300; Now in General Government Policy Council
3/23/2010 House • On Council agenda-- General Government Policy Council, 03/25/10, 1:00 pm, Morris Hall
3/25/2010 House • Favorable by- General Government Policy Council; YEAS 12 NAYS 0 -HJ 00409
3/26/2010 House • Placed on Calendar -HJ 00409
4/13/2010 House • Placed on Special Order Calendar; Read 2nd time -HJ 00668
4/15/2010 House • Read 3rd time -HJ 00688; Amendment(s) adopted -HJ 00688; CS passed as amended; YEAS 114 NAYS 0 -HJ 00688; Immediately certified -HJ 00714
4/15/2010 Senate • In Messages
4/16/2010 Senate • Received -SJ 00649; Referred to Banking and Insurance; Commerce -SJ 00649; Withdrawn from Banking and Insurance; Commerce -SJ 00623; Substituted for CS/SB 2548 -SJ 00623; Read 2nd time -SJ 00623; Read 3rd time -SJ 00623; CS passed; YEAS 38 NAYS 0 -SJ 00623
4/21/2010 House • Ordered enrolled -HJ 00841
4/30/2010 • Signed by Officers and presented to Governor -HJ 01700
5/11/2010 • Approved by Governor; Chapter No. 2010-67