WA People
BILL · 2009–10 SESSION · LATEST VERSION SSB 5749

SB 5749: Mortgage broker practices

Regulating the business practices of mortgage brokers for compliance with the secure and fair enforcement for mortgage licensing act of 2008.

Summary

  • Definitions for the following terms are newly incorporated into the Mortgage Brokers Practices Act: federal banking agencies; loan processor; nationwide mortgage licensing system and registry; and S.A.F.E. Act. The definition of loan originator is clarified.

From the Senate Bill Report (SB 5749), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 30, 2009
  2. Out of committeeFeb 13, 2009
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jean Berkey (D-38)
Introduced
January 30, 2009 in the Senate
Last action
March 15, 2010
Companion bill
HB 1749
Budget
Has a fiscal note
Versions
SB 5749, SSB 5749

AN ACT Relating to regulating the business practices of mortgage brokers for compliance with the secure and fair enforcement for mortgage licensing act of 2008;

Sponsors

Prime sponsor: Jean Berkey (D-38)

2 co-sponsors (1 Democrat, 1 Republican)

Don Benton R-17Paull Shin D-21

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5749)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 5749)
  4. By resolution, reintroduced and retained in present status.
  5. Senate Rules "X" file. (SSB 5749)
  6. Senate Rules "X" file.
  7. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 5749)
  8. And refer to Ways & Means. (SSB 5749)
  9. On motion, referred to Rules. (SSB 5749)
  10. On motion, referred to Rules.
  11. And refer to Ways & Means.
  12. FIHI - Majority; 1st substitute bill be substituted, do pass.
  13. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5749 in other sessions

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

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