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H.B. No. 0169 |
Mortgage loan originators. |
Sponsored By: Joint Minerals, Business and Economic Development Interim Committee
AN ACT relating to mortgage loan originators; modifying the Wyoming Residential Mortgage Practices Act; modifying the Uniform Consumer Credit Code; amending and providing new definitions; providing exceptions for licenses; providing for surety bonds; providing for confidentiality; providing coordination with and disclaimer to a national registry system; providing for enforcement; requiring reports; providing for loan origination licensing and registration; authorizing rulemaking; providing for processing applications; providing for prelicensing education; providing for continuing education; requiring testing; providing for license renewal; requiring fees; making conforming amendments; repealing a license exemption; and providing for an effective date.
1/13/2009 Bill Number Assigned
1/15/2009 H Received for Introduction
1/23/2009 H Introduced and Referred to H09
1/30/2009 H09 Recommended Amend and Do Pass
ROLL CALL
Ayes: Representative(s) Brechtel, Byrd, Lockhart, Meyer, Moniz, Roscoe, Stubson and Zwonitzer, Dv.
Excused: Representative(s) Harvey
Ayes 8 Nays 0 Excused 1 Absent 0 Conflicts 0
1/30/2009 H Placed on General File
HB0169HS001/ADOPTED (CORRECTED COPY)
Page 2-line 7 Delete "licensee" insert "organization".
Page 2-line 11 Delete "a licensee" insert "the organization".
Page 2-line 14 Delete "licensee" insert "organization".
Page 3-line 2 Delete "a licensee" insert "an organization"; delete "person" insert "mortgage loan originator".
Page 3-line 3 Delete "a licensee" insert "an organization".
Page 3-line 5 After "act" insert "pertaining to a residential mortgage loan transaction".
Page 3-line 22 Delete "licensee" insert "organization".
Page 4-line 10 After "40‑14‑636." insert "The administrator shall establish by rule a process where a mortgage loan originator may challenge information entered into the registry by the administrator.".
Page 6-line 15 Delete "a licensee" insert "an organization employing or contracting with a mortgage loan originator".
Page 48-line 15 After "40‑23‑112." insert "The commissioner shall establish by rule a process where a mortgage loan originator may challenge information entered into the registry by the commissioner.".
Page 49-line 9 After "40‑14‑634(b)" insert "and by creating new subsections (m) and (n)".
Page 57-line 4 Delete all new language.
Page 57-line 6 Delete "(i)" insert "(m) A license shall not be issued under subsection (b) of this section if".
Page 57-line 12 After "laundering" insert "." delete "; or".
Page 57-line 14 Delete "(ii)" insert "(n) A license may be issued at the discretion of the administrator under subsection (b) of this section if".
Page 58-line 5 After "40-14-640" insert "and an organization employing or contracting with a mortgage loan originator". LOCKHART, CHAIRMAN
2/6/2009 H Passed CoW
2/9/2009 H Passed 2nd Reading
2/10/2009 H Passed 3rd Reading
ROLL CALL
Ayes: Representative(s) Anderson, R., Bagby, Barbuto, Berger, Blake, Bonner, Brechtel, Brown, Buchanan, Byrd, Cannady, Carson, Childers, Cohee, Connolly, Craft, Davison, Diercks, Edmonds, Esquibel, K., Gilmore, Gingery, Goggles, Hales, Hallinan, Hammons, Harshman, Harvey, Illoway, Jaggi, Jorgensen, Landon, Madden, McKim, McOmie, Mercer, Meyer, Miller, Millin, Moniz, Patton, Peasley, Pedersen, Petersen, Philp, Quarberg, Roscoe, Semlek, Shepperson, Simpson, Steward, Stubson, Teeters, Thompson, Throne, Wallis, Zwonitzer, Dn. and Zwonitzer, Dv.
Excused: Representative(s) Lockhart and Lubnau
Ayes 58 Nays 0 Excused 2 Absent 0 Conflicts 0
2/12/2009 S Received for Introduction
2/12/2009 S Introduced and Referred to S09
2/23/2009 S09 Recommended Amend and Do Pass
ROLL CALL
Ayes: Senator(s) Bebout, Cooper, Hunnicutt, Larson and Martin
Ayes 5 Nays 0 Excused 0 Absent 0 Conflicts 0
2/23/2009 S Placed on General File
HB0169SS001/ADOPTED (TO ENGROSSED COPY)
Page 49–line 12 Delete "40‑14‑634(b)" insert "40‑14‑634".
Page 49–line 13 Before "by creating" delete "and".
Page 56–lines 23 and 24 Delete.
Page 57–lines 1 through 7 Delete. LARSON, CHAIRMAN
2/26/2009 S Passed CoW
2/27/2009 S Passed 2nd Reading
3/2/2009 S Passed 3rd Reading
ROLL CALL
Ayes: Senator(s) Anderson, J., Bebout, Burns, Coe, Cooper, Decaria, Dockstader, Esquibel, F., Geis, Hastert, Hines, Hunnicutt, Jennings, Johnson, Landen, Larson, Martin, Massie, Meier, Nicholas, Perkins, Peterson, Ross, Schiffer, Scott, Sessions, Townsend, Vasey and Von Flatern
Nays: Senator(s) Case
Ayes 29 Nays 1 Excused 0 Absent 0 Conflicts 0
3/2/2009 H Received for Concurrence
3/3/2009 H Did Concur
ROLL CALL
Ayes: Representative(s) Anderson, R., Bagby, Barbuto, Berger, Blake, Bonner, Brechtel, Brown, Buchanan, Byrd, Cannady, Carson, Childers, Cohee, Connolly, Craft, Davison, Diercks, Edmonds, Esquibel, K., Gilmore, Gingery, Goggles, Hales, Hallinan, Hammons, Harshman, Harvey, Illoway, Jaggi, Jorgensen, Landon, Lockhart, Lubnau, Madden, McKim, McOmie, Mercer, Meyer, Miller, Millin, Moniz, Patton, Peasley, Pedersen, Petersen, Philp, Quarberg, Roscoe, Semlek, Shepperson, Simpson, Steward, Stubson, Teeters, Thompson, Throne, Wallis, Zwonitzer, Dn. and Zwonitzer, Dv.
Ayes 60 Nays 0 Excused 0 Absent 0 Conflicts 0
3/3/2009 Assigned Number HEA No. 0095
3/3/2009 H Speaker Signed HEA No. 0095
3/4/2009 S President Signed HEA No. 0095
3/12/2009 Governor Signed HEA No. 0095
3/12/2009 Assigned Chapter Number
Chapter No. 0184 Session Laws of Wyoming 2009.