BILL · 1995–96 SESSION

SB 6617: Mortgage brokers

Imposing fines or sanctions against mortgage brokers.

Summary

  • The director of the DFI's authority to deny licenses, suspend or revoke licenses, and impose fines and penalties for certain actions is clarified. The director is given explicit authority to suspend, revoke or deny licenses or impose penalties or fines for specific violations of the Mortgage Broker's Practices Act.

From the Senate Bill Report (SB 6617), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 103, Laws of 1996
  1. IntroducedJan 19, 1996
  2. Out of committee
  3. Passed SenateFeb 10, 1996
  4. Passed HouseFeb 29, 1996
  5. Governor
  6. LawMar 15, 1996
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 19, 1996 in the Senate
Last action
March 15, 1996
Session law
Chapter 103, Laws of 1996
Requested by
Other
Companion bill
HB 2761

Sponsors

Prime sponsor: Margarita Prentice (D-11)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

February 10, 1996
Version voted on: SB 6617
47 Yea 0 Nay 1 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican22011
How each member voted

House · Final Passage

February 29, 1996
Version voted on: SB 6617
95 Yea 1 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat35100
Republican60002
How each member voted

Yea (95)

Nay (1)

Excused (2)

House · Final Passage

February 29, 1996
Version voted on: SB 6617
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat36000
Republican60002
How each member voted

Yea (96)

Excused (2)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 6617 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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