CS/CS/HB 823 (2011) -  Loan Processing

General Bill by Government Operations Appropriations Subcommittee and Insurance & Banking Subcommittee and Workman
Loan Processing: Creates & revises definitions; specifies rulemaking powers of FSC; includes in-house loan processors in disciplinary provisions; provides that specified provisions do not apply to licensed contract loan processor who has on file with OFR declaration of intent to act solely as contract loan processor; provides restrictions on employment of persons acting as in-house loan processors; clarifies provisions concerning operation of mortgage brokers; revises provisions relating to disclosure of settlement charges & loan terms; revises agency reference in mortgage broker agreement; provides borrower may contact OFR rather than DFS regarding any complaints against loan originator; requires that in order to renew mortgage lender license mortgage lender must authorize Nationwide Mortgage Licensing System & Registry to obtain independent credit report on each of lender's control persons; requires each mortgage lender to submit certain reports to registry.
Effective Date: July 1, 2011
Last Event: Died on Second Reading Calendar; companion bill(s) passed, see CS/CS/SB 1316 (Ch. 2011-71) on Saturday, May 7, 2011 2:07 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1316 Subject: Loan Processing Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 6/28/2011 2:24:03 PM
Chamber: House Committee: Economic Affairs Committee 4/22/2011 12:15:18 PM
Chamber: House Committee: Economic Affairs Committee 4/19/2011 5:12:56 PM
Chamber: House Committee: Economic Affairs Committee 4/13/2011 3:49:29 PM
Chamber: House Committee: Government Operations Appropriations Subcommittee 4/11/2011 8:57:21 AM
Chamber: House Committee: Government Operations Appropriations Subcommittee 4/7/2011 10:27:59 AM
Chamber: House Committee: Rulemaking & Regulation Subcommittee 4/5/2011 6:57:31 PM
Chamber: House Committee: Rulemaking & Regulation Subcommittee 4/1/2011 4:32:03 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/28/2011 12:21:21 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/22/2011 3:05:34 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar; companion bill(s) passed, see CS/CS/SB 1316 (Ch. 2011-71) Time: 05/07/2011 - 2:07 AM Member: Committee: Version: c2
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/22/2011 - 12:15 PM Member: Committee: Version: c2
Event: H Bill released to House Calendar Time: 04/22/2011 - 12:15 PM Member: Committee: Version: c2
Event: H Reported out of Economic Affairs Committee Time: 04/22/2011 - 12:15 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Favorable by Economic Affairs Committee Time: 04/21/2011 - 2:00 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Added to Economic Affairs Committee agenda Time: 04/19/2011 - 4:24 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Added to Economic Affairs Committee agenda Time: 04/12/2011 - 4:24 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Now in Economic Affairs Committee Time: 04/12/2011 - 8:15 AM Member: Committee: Economic Affairs Committee Version: c2
Event: H Referred to Economic Affairs Committee Time: 04/12/2011 - 8:15 AM Member: Committee: Economic Affairs Committee Version: c2
Event: H 1st Reading Time: 04/11/2011 - 5:40 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/11/2011 - 9:06 AM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 04/11/2011 - 9:06 AM Member: Committee: Version: c1
Event: H Reported out of Government Operations Appropriations Subcommittee Time: 04/11/2011 - 8:58 AM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Favorable with CS by Government Operations Appropriations Subcommittee Time: 04/08/2011 - 10:45 AM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Added to Government Operations Appropriations Subcommittee agenda Time: 04/06/2011 - 4:17 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Now in Government Operations Appropriations Subcommittee Time: 04/05/2011 - 6:58 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Reported out of Rulemaking & Regulation Subcommittee Time: 04/05/2011 - 6:58 PM Member: Committee: Rulemaking & Regulation Subcommittee Version: c1
Event: H Favorable by Rulemaking & Regulation Subcommittee Time: 04/05/2011 - 6:00 PM Member: Committee: Rulemaking & Regulation Subcommittee Version: c1
Event: H Added to Rulemaking & Regulation Subcommittee agenda Time: 04/01/2011 - 4:03 PM Member: Committee: Rulemaking & Regulation Subcommittee Version: c1
Event: H Now in Rulemaking & Regulation Subcommittee Time: 03/29/2011 - 12:19 PM Member: Committee: Rulemaking & Regulation Subcommittee Version: c1
Event: H Referred to Economic Affairs Committee Time: 03/29/2011 - 12:19 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Referred to Government Operations Appropriations Subcommittee Time: 03/29/2011 - 12:19 PM Member: Committee: Government Operations Appropriations Subcommittee Version: c1
Event: H Referred to Rulemaking & Regulation Subcommittee Time: 03/29/2011 - 12:19 PM Member: Committee: Rulemaking & Regulation Subcommittee Version: c1
Event: H 1st Reading Time: 03/28/2011 - 6:03 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/28/2011 - 12:26 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/28/2011 - 12:26 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/28/2011 - 12:20 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/23/2011 - 4:00 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/21/2011 - 4:13 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Rulemaking & Regulation Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Rulemaking & Regulation Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/17/2011 - 1:17 PM Member: Workman Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
494.001 CS/CS/SB 1316
494.0011 CS/CS/SB 1316
494.00255 CS/CS/SB 1316
494.00331 SB 944, CS/CS/SB 1316, HB 7007
494.0035 CS/CS/SB 1316
494.0038 CS/CS/SB 1316
494.00421 CS/CS/SB 1316
494.00612 CS/CS/SB 1316
494.0067 CS/CS/SB 1316

(*) Not the latest version