Jean Fuller
- Republican
Author
Existing law provides for the licensure and regulation of mortgage loan originators under the Real Estate Law, the California Finance Lenders Law, and the California Residential Mortgage Lending Act. Existing law defines a mortgage loan originator to mean an individual who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain, as specified. This bill would specify that a mortgage loan originator means an individual who performs those acts habitually or repeatedly and would also specify that a mortgage loan originator does not include an individual who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for no more than 5 residential mortgage loans in a calendar year where the loans are made in connection with the sale of residential property and the loan proceeds are from the seller's own funds.
Set, first hearing. Hearing canceled at the request of author.
From committee: Be re-referred to Com. on B. & F. (Ayes 11. Noes 0.) (June 18). Re-referred to Com. on B. & F.
Ordered to third reading.
Read third time and amended.
From inactive file.
Ordered to third reading.
Notice of intention to remove from inactive file given by Assembly Member Allen.
Ordered to inactive file on request of Assembly Member Charles Calderon.
Ordered to third reading.
From consent calendar.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 17).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
Hearing postponed by committee.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0.) (June 14). Re-referred to Com. on APPR.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 40. Noes 0. Page 906.) Ordered to the Assembly.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
Set for hearing May 2.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0. Page 616.) (April 11). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.
Set for hearing April 11.
Hearing postponed by committee.
Set for hearing April 4.
From printer. May be acted upon on or after March 18.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB376 | HTML |
| 02/15/11 - Introduced | |
| 04/07/11 - Amended Senate | |
| 08/15/11 - Amended Assembly | |
| 05/21/12 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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