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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)
Summary: Licensing of Mortgage Brokers Act; Mortgage Lending Act
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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Similar (S 0673)
Summary: Licensing of Mortgage Brokers Act; Mortgage Lending Act
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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03/26/09 | House | Introduced and read first time HJ-6 |
03/26/09 | House | Referred to Committee on Labor, Commerce and Industry HJ-7 |
04/22/09 | House | Committee report: Favorable with amendment Labor, Commerce and Industry HJ-4 |
04/28/09 | House | Debate adjourned until Wednesday, April 29, 2009 HJ-24 |
04/29/09 | House | Debate adjourned HJ-29 |
04/29/09 | House | 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 |
04/30/09 | House | Requests for debate removed-Rep(s). Kennedy, JH Neal, Hosey, King, Ott, Clyburn, Hart, Jefferson, RL Brown HJ-50 |
04/30/09 | House | Amended HJ-89 |
04/30/09 | House | Read second time HJ-153 |
04/30/09 | House | Roll call Yeas-97 Nays-1 HJ-153 |
04/30/09 | House | Unanimous consent for third reading on next legislative day HJ-153 |
05/01/09 | House | Read third time and sent to Senate HJ-4 |
05/05/09 | Senate | Introduced and read first time SJ-10 |
05/05/09 | Senate | Referred to Committee on Banking and Insurance SJ-10 |
05/05/10 | Senate | Polled out of committee Banking and Insurance SJ-11 |
05/05/10 | Senate | Committee report: Favorable with amendment Banking and Insurance SJ-11 |
05/20/10 | Senate | Committee Amendment Adopted SJ-17 |
05/20/10 | Senate | Amended SJ-17 |
05/20/10 | Senate | Read second time SJ-17 |
05/24/10 | Scrivener's error corrected | |
05/25/10 | Senate | Read third time and returned to House with amendments SJ-26 |
05/26/10 | House | Concurred in Senate amendment and enrolled HJ-48 |
05/26/10 | House | Roll call Yeas-96 Nays-0 HJ-48 |
06/01/10 | Ratified R 272 | |
06/07/10 | Vetoed by Governor | |
06/15/10 | House | Veto overridden by originating body Yeas-103 Nays-4 HJ-120 |
06/29/10 | Senate | Veto overridden Yeas-27 Nays-10 SJ-90 |
07/19/10 | Effective date 06/29/10 | |
07/21/10 | Act No. 287 |