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BILL · 2009–10 SESSION · LATEST VERSION SSB 5759

SB 5759: Consumer loan companies

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

Summary

  • Mortgage loan originators are made subject to the CLA. The definitions in the CLA are largely preserved with the exception of the terms "making a loan," "mortgage broker," and "loan originator." The only change that is significantly substantive is the change to the definition of loan originator. This definition is expanded and clarified with references distinguishing it from other professions and activities.

From the Senate Bill Report (Orig.) (SB 5759), 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 1621
Budget
Has a fiscal note
Versions
SB 5759, SSB 5759

AN ACT Relating to regulating the business practices of consumer loan companies 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-17Steve Hobbs D-44

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5759)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 5759)
  4. By resolution, reintroduced and retained in present status.
  5. Senate Rules "X" file. (SSB 5759)
  6. Senate Rules "X" file.
  7. Placed on second reading by Rules Committee. (SSB 5759)
  8. Placed on second reading by Rules Committee.
  9. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 5759)
  10. And refer to Ways & Means. (SSB 5759)
  11. On motion, referred to Rules. (SSB 5759)
  12. On motion, referred to Rules.
  13. And refer to Ways & Means.
  14. FIHI - Majority; 1st substitute bill be substituted, do pass.
  15. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5759 in other sessions

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

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