AN ACT AMENDING THE SECURE AND FAIR ENFORCEMENT MORTGAGE LICENSING ACT TO PROVIDE FOR THE LICENSURE OF A TRANSITIONAL MORTGAGE LOAN ORIGINATOR. Enacted July 23, 2013. Effective September 1, 2013.
TRANSITIONAL MORTGAGE LOAN ORIGINATOR.
| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT AMENDING THE SECURE AND FAIR ENFORCEMENT MORTGAGE LICENSING ACT TO PROVIDE FOR THE LICENSURE OF A TRANSITIONAL MORTGAGE LOAN ORIGINATOR.Intro. by Szoka, Dockham, B. Brown.
Status: Ch. SL 2013-327 (House Action) (Jul 23 2013)
Bill History:
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Tue, 9 Apr 2013 House: Filed
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Wed, 10 Apr 2013 House: Passed 1st Reading
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Wed, 10 Apr 2013 House: Ref To Com On Banking
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Thu, 2 May 2013 House: Serial Referral To Finance Added
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Mon, 6 May 2013 House: Reptd Fav Com Substitute
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Mon, 6 May 2013 House: Re-ref Com On Finance
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Tue, 28 May 2013 House: Reptd Fav
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Tue, 28 May 2013 House: Cal Pursuant Rule 36(b)
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Tue, 28 May 2013 House: Placed On Cal For 05/29/2013
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Wed, 29 May 2013 House: Passed 2nd Reading
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Wed, 29 May 2013 House: Passed 3rd Reading
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Thu, 30 May 2013 Senate: Rec From House
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Thu, 30 May 2013 Senate: Passed 1st Reading
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Thu, 30 May 2013 Senate: Ref To Com On Commerce
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Tue, 2 Jul 2013 Senate: Reptd Fav Com Substitute
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Tue, 2 Jul 2013 Senate: Com Substitute Adopted
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Tue, 2 Jul 2013 Senate: Placed on Today's Calendar
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Tue, 2 Jul 2013 Senate: Withdrawn From Cal
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Tue, 2 Jul 2013 Senate: Placed On Cal For 07/09/2013
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Tue, 9 Jul 2013 Senate: Passed 2nd Reading
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Tue, 9 Jul 2013 Senate: Passed 3rd Reading
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Wed, 10 Jul 2013 House: Rec From Senate
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Wed, 10 Jul 2013 House: Rec To Concur S Com Sub
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Thu, 11 Jul 2013 House: Cal Pursuant 36(b)
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Thu, 11 Jul 2013 House: Placed On Cal For 07/15/2013
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Mon, 15 Jul 2013 House: Concurred In S/Com Sub
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Mon, 15 Jul 2013 House: Ordered Enrolled
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Tue, 16 Jul 2013 Ratified
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Wed, 17 Jul 2013 Pres. To Gov. 7/17/2013
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Tue, 23 Jul 2013 Signed by Gov. 7/23/2013
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Tue, 23 Jul 2013 Ch. SL 2013-327
H 616/S.L. 2013-327
Bill Summaries:
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Summary date: Jul 25 2013 - More information
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Bill H 616 (2013-2014)Summary date: Jul 2 2013 - More information
Senate committee substitute to the 2nd edition changes the act's effective date from July 1, 2013, to September 1, 2013.
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Bill H 616 (2013-2014)Summary date: May 6 2013 - More information
House committee substitute makes the following changes to the 1st edition.
Makes technical corrections to GS 53-244.040 to insert an omitted word and to correct a typographical error.
Clarifies that upon the July 1, 2013,effective date of this act,the actwill apply toapplications for licensure as a transitional mortgage loan originator filed on or after that date.
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Bill H 616 (2013-2014)Summary date: Apr 9 2013 - More information
Amends GS 53-244.030, the definitions section of The Secure and Fair Enforcement Mortgage Licensing Act, providing that the definition of the term licensee also includes transitional mortgage loan originator. Adds transitional mortgage loan originator to the definitions section and defines it.
Amends GS 53-244.040, providing that a licensed transitional mortgage loan originator can act as a mortgage loan originator without a mortgage loan originator license. Establishes that in anticipation of satisfaction of all requirements necessary to obtain a license as a mortgage loan originator, a transitional mortgage loan originator license can be granted to an individual who has an active license to originate mortgage loans pursuant to the laws of any state or territory of the United States other than North Carolina. This license can also be issued to a registered loan originator for the purpose of satisfying all requirements necessary to obtain a license as a mortgage loan originator under this Article.
Amends GS 53-244.050 (License and registration application; claim of exemption), providing the procedures and requirements for an applicant for licensure as a transitional mortgage loan originator, including but not limited to being at least 18 years old and and having an active license to originate mortgage loans pursuant to the laws of any state or territory of the United States other than North Carolina.
Makes conforming changes to GS 53-244.050(c) and (f), GS 53-244.060, GS 53-244.090, GS 53-244.100, GS 53-244.103, GS 53-244.104, GS 53-244.106, GS 53-244.107, GS 53-244.111, GS 53-244.114, GS 53-244.115, GS 53-244.118, GS 53-244.119, and GS 53-244.120, adding the term transitional mortgage loan originator where applicable.
Effective July 1, 2013.
View: All Summaries for Bill