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Session 118 - (2009-2010)Printer Friendly
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H*3790 (Rat #0272, Act #0287 of 2010) General Bill, By Sandifer
Similar (S 0673)
    AN ACT TO AMEND SECTION 40-58-20, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CERTAIN DEFINITIONS PERTAINING TO THE LICENSURE OF MORTGAGE BROKERS, SO AS TO DEFINE A "QUALIFIED LOAN ORIGINATOR"; TO AMEND SECTION 40-58-50, AS AMENDED, RELATING TO QUALIFIED LOAN ORIGINATORS, SO AS TO REQUIRE LICENSURE FOR A QUALIFIED LOAN ORIGINATOR, TO PROVIDE APPLICATIONS PROCEDURES AND QUALIFICATION REQUIREMENTS; TO AMEND SECTION 37-3-501, AS AMENDED, RELATING TO THE DEFINITION OF A SUPERVISED LOAN, SO AS TO PROVIDE EXCEPTIONS TO THIS DEFINITION; AND TO AMEND SECTION 37-3-503, RELATING TO A LICENSE TO MAKE A SUPERVISED LOAN, SO AS TO PROHIBIT A PERSON LICENSED TO MAKE A SUPERVISED LOAN FROM ENGAGING IN CERTAIN CLOSED-END CREDIT TRANSACTIONS, AND TO PROVIDE GRADUATED PENALTIES FOR VIOLATIONS. - ratified title
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03/26/09House Introduced and read first time HJ-6
03/26/09House Referred to Committee on Labor, Commerce and Industry HJ-7
04/22/09House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-4
04/28/09House Debate adjourned until Wednesday, April 29, 2009 HJ-24
04/29/09House Debate adjourned HJ-29
04/29/09House Requests for debate-Rep(s). Kennedy, Ott, Hosey, Hart, JH Neal, Clyburn, JE Smith, HB Brown, Jefferson, Clemmons, Crawford, Lowe, Sandifer, Daning, RL Brown, Hutto, Brantley, and King HJ-101
04/30/09House Requests for debate removed-Rep(s). Kennedy, JH Neal, Hosey, King, Ott, Clyburn, Hart, Jefferson, RL Brown HJ-50
04/30/09House Amended HJ-89
04/30/09House Read second time HJ-153
04/30/09House Roll call Yeas-97 Nays-1 HJ-153
04/30/09House Unanimous consent for third reading on next legislative day HJ-153
05/01/09House Read third time and sent to Senate HJ-4
05/05/09Senate Introduced and read first time SJ-10
05/05/09Senate Referred to Committee on Banking and Insurance SJ-10
05/05/10Senate Polled out of committee Banking and Insurance SJ-11
05/05/10Senate Committee report: Favorable with amendment Banking and Insurance SJ-11
05/20/10Senate Committee Amendment Adopted SJ-17
05/20/10Senate Amended SJ-17
05/20/10Senate Read second time SJ-17
05/24/10 Scrivener's error corrected
05/25/10Senate Read third time and returned to House with amendments SJ-26
05/26/10House Concurred in Senate amendment and enrolled HJ-48
05/26/10House Roll call Yeas-96 Nays-0 HJ-48
06/01/10 Ratified R 272
06/07/10 Vetoed by Governor
06/15/10House Veto overridden by originating body Yeas-103 Nays-4 HJ-120
06/29/10Senate Veto overridden Yeas-27 Nays-10 SJ-90
07/19/10 Effective date 06/29/10
07/21/10 Act No. 287



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