l9n/ Oregon

2009 Regular Session

House Bill 2189

Prohibits individual from engaging in business as mortgage loan originator without obtaining license from Director of Department of Consumer and Business Services and obtaining unique identifier from Nationwide Mortgage Licensing System and Registry.

Became law as Chapter 863, Oregon Laws 2009, signed July 30, 2009, 196 days after it was filed. In force from July 30, 2009.

What it does

The synopsis the Legislative Assembly published with the bill.

Prohibits individual from engaging in business as mortgage loan originator without obtaining license from Director of Department of Consumer and Business Services and obtaining unique identifier from Nationwide Mortgage Licensing System and Registry.<b> Creates exception, including exception for certain employees of dealers of manufactured structures.</b> Requires applicant for license to submit certain information to director and to Nationwide Mortgage Licensing System and Registry. Specifies standards director must use to evaluate application. Permits director to issue interim license under certain conditions. Specifies requirements for applicant to obtain or renew license, including educational requirements. Authorizes director to deny, suspend, place conditions upon, revoke or decline to renew license under specified conditions. Permits director to contract with Nationwide Mortgage Licensing System and Registry to collect and process records, application fees and perform other duties. Requires person that employs mortgage loan originator to file corporate surety bond with director in amount director prescribes by rule. Authorizes director to investigate violations of provisions of Act and require production of specified records. Provides that mortgage loan originator may not take certain actions. Requires mortgage loan originator to display license and unique identifier on specified documents and in certain locations. Provides that person that violates provisions of Act is subject to civil penalty in amount of $5,000 per violation <i>and</i>]<b>. Provides that person that knowingly violates provisions of Act is subject</b> to maximum criminal penalty of five years' imprisonment, or $125,000 fine, or both. Declares emergency, effective on passage.

Its course

January 15 to July 30, 2009, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action26 actions on 18 days

In the House of RepresentativesJan 15 to Jun 24160 days

Waiting for a committeeJan 15 to Jan 216 days

Consumer ProtectionJan 21 to May 1100 days

Ways and MeansMay 1 to May 5 · moved on4 days

Transportation and Economic DevelopmentMay 5 to Jun 9 · moved on35 days

Ways and MeansJun 9 to Jun 2213 days

In the SenateJun 24 to Jun 273 days

Waiting for a committeeJun 24 to Jun 240 days

Ways and MeansJun 24 to Jun 273 days

With the GovernorJun 27 to Jul 3033 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • House of Representatives, third reading37–21

    Passed · Jun 24 · 2 present

  • Senate, third reading25–5

    Passed · Jun 27

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted May 1

  • House of Representatives committee amendmentAdopted

    Adopted Jun 22

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Jan 15 – Jun 24

  1. Jan 15Introduced
  2. Jan 21Sent to Consumer Protection
  3. Apr 3Heard in Consumer Protection
  4. Apr 6Heard in Consumer Protection
  5. Apr 17Heard in Consumer Protection
  6. Apr 24Heard in Consumer Protection
  7. May 1Consumer Protection recommended it as amended, and that it go to Ways and Means
  8. Sent to Ways and Means
  9. May 5Sent to Transportation and Economic Development Subcommittee
  10. May 14Heard in Transportation and Economic Development Subcommittee
  11. Jun 8Heard in Transportation and Economic Development Subcommittee
  12. Jun 9Heard in Transportation and Economic Development Subcommittee
  13. Returned to Ways and Means
  14. Jun 16Heard in Ways and Means
  15. Jun 22Ways and Means recommended it as amended
  16. Jun 23Read a second time
  17. Jun 24Passed the House of Representatives, 37 to 21

In the Senate Jun 24 – Jun 27

  1. Jun 24Arrived in the Senate
  2. Sent to Ways and Means
  3. Jun 27Ways and Means recommended it
  4. Read a second time
  5. Passed the Senate, 25 to 5

To the Governor Jul 1 – Jul 30

  1. Jul 1Signed in the House of Representatives
  2. Signed in the Senate
  3. Jul 30Signed by the Governor
  4. Became chapter 863 of Oregon Laws 2009, in force from July 30, 2009
All 26 actions, as published
  1. Jan 15First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 21Referred to Consumer Protection with subsequent referral to Ways and Means.House of Representatives
  3. Apr 3Public Hearing held.House of Representatives
  4. Apr 6Public Hearing held.House of Representatives
  5. Apr 17Public Hearing held.House of Representatives
  6. Apr 24Work Session held.House of Representatives
  7. May 1Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.House of Representatives
  8. May 1Referred to Ways and Means by prior reference.House of Representatives
  9. May 5Assigned to Subcommittee On Transportation and Economic Development.House of Representatives
  10. May 14Public Hearing held.House of Representatives
  11. Jun 8Work Session held.House of Representatives
  12. Jun 9Work Session held.House of Representatives
  13. Jun 9Returned to Full Committee.House of Representatives
  14. Jun 16Work Session held.House of Representatives
  15. Jun 22Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
  16. Jun 23Rules suspended. Second reading.House of Representatives
  17. Jun 24Third reading. Carried by Holvey. Passed.House of Representatives
  18. Jun 24First reading. Referred to President's desk.Senate
  19. Jun 24Referred to Ways and Means.Senate
  20. Jun 27Recommendation: Do pass the B-Eng. bill.Senate
  21. Jun 27Second reading.Senate
  22. Jun 27Rules suspended. Third reading. Carried by Johnson. Passed.Senate
  23. Jul 1Speaker signed.House of Representatives
  24. Jul 1President signed.Senate
  25. Jul 30Governor signed.House of Representatives
  26. Jul 30Chapter 863, (2009 Laws): Effective date July 30, 2009.House of Representatives