Creigh Deeds
- Democratic
- Senator
- District 11
Primary
Mortgage brokers; dual compensation. Removes provisions prohibiting a person from acting as a mortgage broker in connection with any real estate sales transaction in which such person has acted as a real estate broker or real estate salesperson and has received or will receive compensation in connection with such transaction. The bill provides that if a mortgage broker negotiates, places, or finds a mortgage loan and acts as a real estate broker or real estate salesperson in connection with the sale of the real estate that secures such loan, the mortgage broker is required to conspicuously provide to the borrower a written disclosure at the time the mortgage broker services are first offered to the borrower. This bill is identical to HB 1153.
Approved by Governor-Chapter 401 (effective 7/1/22)
Governor's Action Deadline 11:59 p.m., April 11, 2022
Enrolled Bill Communicated to Governor on March 11, 2022
Signed by President
Enrolled
Signed by Speaker
Impact statement from SCC (SB303ER)
Passed House BLOCK VOTE (99-Y 0-N)
VOTE: Block Vote Passage (99-Y 0-N)
Read third time
Read second time
Reported from Commerce and Energy (22-Y 0-N)
Referred to Committee on Commerce and Energy
Read first time
Placed on Calendar
Read third time and passed Senate (37-Y 0-N)
Read second time and engrossed
Constitutional reading dispensed (40-Y 0-N)
Reported from Commerce and Labor (15-Y 0-N)
Impact statement from SCC (SB303)
Referred to Committee on Commerce and Labor
Prefiled and ordered printed; offered 01/12/22 22101215D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/12/22 22101215D | PDF HTML |
| SB303ER | PDF HTML |
| CHAP0401 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: SB303FER171.PDF | |
| Fiscal Impact Statement: SB303F171.PDF |
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