SB 376

  • California Senate Bill
  • 2011-2012 Regular Session
  • Introduced in Senate Feb 15, 2011
  • Passed Senate May 09, 2011
  • Assembly
  • Governor

Mortgage loan originators.

Abstract

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.

Bill Sponsors (2)

Votes


Actions


Jul 02, 2012

Assembly

Set, first hearing. Hearing canceled at the request of author.

Jun 18, 2012

Assembly

From committee: Be re-referred to Com. on B. & F. (Ayes 11. Noes 0.) (June 18). Re-referred to Com. on B. & F.

  • Referral-Committee
  • Committee-Passage
Com. on B. & F. (Ayes 11. Noes 0.) (June 18). Re-referred to Com. on B. & F.

May 21, 2012

Assembly

Re-referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Assembly

Ordered to third reading.

Assembly

Read third time and amended.

May 15, 2012

Assembly

From inactive file.

Assembly

Ordered to third reading.

May 14, 2012

Assembly

Notice of intention to remove from inactive file given by Assembly Member Allen.

Aug 30, 2011

Assembly

Ordered to inactive file on request of Assembly Member Charles Calderon.

Aug 25, 2011

Assembly

Ordered to third reading.

Assembly

From consent calendar.

Aug 22, 2011

Assembly

Read second time. Ordered to consent calendar.

Aug 18, 2011

Assembly

From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 17).

Aug 15, 2011

Assembly

From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.

  • Reading-2
  • Reading-1
  • Committee-Passage
  • Amendment-Passage
  • Referral-Committee
Com. on APPR.

Jul 13, 2011

Assembly

Hearing postponed by committee.

Jun 14, 2011

Assembly

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.

  • Referral-Committee
  • Committee-Passage
  • Committee-Passage-Favorable
Com. on APPR.

May 19, 2011

Assembly

Referred to Com. on B., P. & C.P.

  • Referral-Committee
Com. on B., P. & C.P.

May 09, 2011

Assembly

In Assembly. Read first time. Held at Desk.

Senate

Read third time. Passed. (Ayes 40. Noes 0. Page 906.) Ordered to the Assembly.

May 04, 2011

Senate

Ordered to special consent calendar.

Senate

Read second time. Ordered to third reading.

May 03, 2011

Senate

From committee: Be placed on second reading file pursuant to Senate Rule 28.8.

Apr 13, 2011

Senate

Set for hearing May 2.

Apr 12, 2011

Senate

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.

  • Referral-Committee
  • Committee-Passage
  • Committee-Passage-Favorable
Com. on APPR.

Apr 07, 2011

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.

  • Reading-2
  • Reading-1
  • Committee-Passage
  • Amendment-Passage
  • Referral-Committee
Com. on B., P. & E.D.

Mar 25, 2011

Senate

Set for hearing April 11.

Mar 24, 2011

Senate

Hearing postponed by committee.

Mar 18, 2011

Senate

Set for hearing April 4.

Feb 24, 2011

Senate

Referred to Com. on B., P. & E.D.

  • Referral-Committee
Com. on B., P. & E.D.

Feb 16, 2011

Senate

From printer. May be acted upon on or after March 18.

Feb 15, 2011

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB376 HTML
02/15/11 - Introduced PDF
04/07/11 - Amended Senate PDF
08/15/11 - Amended Assembly PDF
05/21/12 - Amended Assembly PDF

Related Documents

Document Format
No related documents.

Sources

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