Bill Status
Generated on 8/13/2007 3:59:34 PM
Measure Title:
RELATING TO MORTGAGE BROKERS.
Report Title:
Mortgage brokers
Description:
Clarifies who is exempt from Mortgage Brokers and Solicitors provisions and what constitutes prohibited activity. Establishes license application requirements and includes a written examination of the applicant or its designated responsible individual, along with a $50,000 bond requirement for a licensee. Establishes biennial license renewal which includes completion of a continuing education requirement. Requires record keeping requirements are established and provide for a 6 year retention period.
Current Referral:
CPC, JUD, FIN
| Date | | Status Text |
|---|
| 1/22/2007 | H | Pending introduction. |
| 1/24/2007 | H | Introduced and Pass First Reading. |
| 1/24/2007 | H | Referred to CPC, JUD, FIN, referral sheet 4 |
| 1/26/2007 | H | Bill scheduled to be heard by CPC on Wednesday, 01-31-07 at 2:00 pm in House conference room 325. |
| 1/31/2007 | H | The committee(s) recommends that the measure be deferred. |