CS/HB 1281 (2010) -  Loan Origination

General Bill by Insurance, Business & Financial Affairs Policy Committee and Workman (CO-SPONSORS) Ambler; Rogers
Loan Origination: 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; requires declaration of intent to engage solely in loan processing; authorizes withdrawal of declaration of intent; revises requirements relating to good faith estimate by loan originator; requires disclosure document to be signed & dated by borrower; deletes licensure application requirement prior to specified purchases or acquisitions.
Effective Date: October 1, 2010
Last Event: 05/11/10 Chapter No. 2010-67 on Tuesday, May 11, 2010 8:11 AM
Date Available for Final Passage: Monday, April 19, 2010 1:42 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 2548 Subject: Loan Origination [CPSC] Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: General Government Policy Council 3/26/2010 8:12:08 AM
Chamber: House Committee: General Government Policy Council 3/24/2010 9:13:01 AM
Chamber: House Committee: Insurance, Business & Financial Affairs Policy Committee 3/15/2010 11:26:49 AM
Chamber: House Committee: Insurance, Business & Financial Affairs Policy Committee 3/9/2010 4:34:02 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/15/2010 01:42 PM   Yeas: 114 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 778] Barcode:
Chamber: Senate Date: 04/16/2010 10:17 AM   Yeas: 38 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 5] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2010-67 Time: 05/11/2010 - 8:11 AM Member: Committee: Version: er
Event: Approved by Governor Time: 05/11/2010 - 8:11 AM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor -HJ 01700 Time: 04/30/2010 - 2:00 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 04/21/2010 - 7:15 PM Member: Committee: Version: e1
Event: H In Messages Time: 04/21/2010 - 7:15 PM Member: Committee: Version: e1
Event: S CS passed; YEAS 38 NAYS 0 -SJ 00623 Time: 04/16/2010 - 10:18 AM Member: Committee: Version: er
Event: S Read 3rd time -SJ 00623 Time: 04/16/2010 - 10:17 AM Member: Committee: Version: er
Event: S Read 2nd time -SJ 00623 Time: 04/16/2010 - 10:16 AM Member: Committee: Version: er
Event: S Substituted for CS/SB 2548 -SJ 00623 Time: 04/16/2010 - 10:16 AM Member: Committee: Version: er
Event: S Withdrawn from Banking and Insurance; Commerce -SJ 00623 Time: 04/16/2010 - 10:16 AM Member: Committee: Version: er
Event: S Referred to Banking and Insurance; Commerce -SJ 00649 Time: 04/15/2010 - 7:22 PM Member: Committee: Version: er
Event: S Received -SJ 00649 Time: 04/15/2010 - 7:21 PM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/15/2010 - 6:19 PM Member: Committee: Version: e1
Event: H Immediately certified Time: 04/15/2010 - 6:18 PM Member: Committee: Version: e1
Event: S In Messages Time: 04/15/2010 - 6:10 PM Member: Committee: Version: er
Event: H CS passed as amended; YEAS 114, NAYS 0 Time: 04/15/2010 - 1:42 PM Member: Committee: Version: c1
Event: H Passage on third reading Time: 04/15/2010 - 1:42 PM Member: Committee: Version: c1
Event: H Amendment 013005 adopted Time: 04/15/2010 - 1:42 PM Member: Committee: Version: c1
Event: H Read 3rd time Time: 04/15/2010 - 1:40 PM Member: Committee: Version: c1
Event: H Amendment 013005 filed Time: 04/14/2010 - 2:17 PM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 04/13/2010 - 2:03 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 04/13/2010 - 1:37 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/13/2010) Time: 04/09/2010 - 2:22 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 03/26/2010 - 8:14 AM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 03/26/2010 - 8:14 AM Member: Committee: Version: c1
Event: H Reported out of General Government Policy Council Time: 03/26/2010 - 8:14 AM Member: Committee: General Government Policy Council Version: c1
Event: H Favorable by General Government Policy Council Time: 03/25/2010 - 2:30 PM Member: Committee: General Government Policy Council Version: c1
Event: H Added to General Government Policy Council agenda Time: 03/23/2010 - 4:25 PM Member: Committee: General Government Policy Council Version: c1
Event: H Now in General Government Policy Council Time: 03/16/2010 - 2:38 PM Member: Committee: General Government Policy Council Version: c1
Event: H Referred to General Government Policy Council Time: 03/16/2010 - 2:38 PM Member: Committee: General Government Policy Council Version: c1
Event: H 1st Reading Time: 03/15/2010 - 6:08 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/15/2010 - 11:26 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.20 Time: 03/15/2010 - 11:26 AM Member: Committee: Version: __
Event: H Reported out of Insurance, Business & Financial Affairs Policy Committee Time: 03/15/2010 - 11:23 AM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Favorable with CS by Insurance, Business & Financial Affairs Policy Committee Time: 03/11/2010 - 10:30 AM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Added to Insurance, Business & Financial Affairs Policy Committee agenda Time: 03/09/2010 - 4:16 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Now in Insurance, Business & Financial Affairs Policy Committee Time: 03/03/2010 - 4:47 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Referred to General Government Policy Council Time: 03/03/2010 - 4:47 PM Member: Committee: General Government Policy Council Version: __
Event: H Referred to Government Operations Appropriations Committee Time: 03/03/2010 - 4:47 PM Member: Committee: Government Operations Appropriations Committee Version: __
Event: H Referred to Insurance, Business & Financial Affairs Policy Committee Time: 03/03/2010 - 4:47 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Filed Time: 02/24/2010 - 5:03 PM Member: Workman Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
494.00255
494.00331
494.00335
494.0038
494.0067