l9n/ Oregon

2009 Regular Session

House Bill 2374

Authorizes Director of Department of Consumer and Business Services to license mortgage bankers and mortgage brokers in cooperation with Nationwide Mortgage Licensing System and Registry.

Did not become law. It stopped in the House of Representatives's Consumer Protection Committee on June 29, 2009. The 2009 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Authorizes Director of Department of Consumer and Business Services to license mortgage bankers and mortgage brokers in cooperation with Nationwide Mortgage Licensing System and Registry. Requires director to adopt rules necessary to conform with requirements of federal Housing and Economic Recovery Act of 2008. Requires person that is licensed as mortgage banker or mortgage broker, person that applies for mortgage banker's or mortgage broker's license or other person that employs loan originator to maintain bond or letter of credit. Requires person to keep certain records and to maintain records for loan originators through Nationwide Mortgage Licensing System and Registry. Sets educational and testing requirements for obtaining or renewing loan originator's license and requires submission of certain information for criminal records check. Requires loan originator to be licensed under Nationwide Mortgage Licensing System and Registry and to obtain unique identifier. Specifies grounds on which director may deny, suspend, condition or revoke mortgage banker's, mortgage broker's or loan originator's license. Declares emergency, effective on passage.

Its course

January 12 to June 29, 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 action3 actions on 3 days

In the House of RepresentativesJan 12 to Jun 29 · stopped168 days

Waiting for a committeeJan 12 to Jan 153 days

Consumer ProtectionJan 15 to Jun 29 · stopped165 days

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 12 – Jun 29

  1. Jan 12Introduced
  2. Jan 15Sent to Consumer Protection
  3. Jun 29Died when the session ended
All 3 actions, as published
  1. Jan 12First reading. Referred to Speaker's desk.House of Representatives
  2. Jan 15Referred to Consumer Protection with subsequent referral to Ways and Means.House of Representatives
  3. Jun 29In committee upon adjournment.House of Representatives