BILL · 2011–12 SESSION · LATEST VERSION SSB 6235

SB 6235: Escrow agent licensing

Regulating the licensing of escrow agents.

Summary

  • The definition of escrow includes the collection of payments and the performance of related services by a third party in connection with a loan secured by a lien on real or personal property but excludes vessel transfers. Consumer Loan Act . Entities licensed under the Escrow Act that process payments on seller financed loans secured by liens on real or personal property are exempt from regulation under CLA.

From the Senate Bill Report (Orig.) (SB 6235), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 16, 2012
  2. Out of committeeFeb 1, 2012
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Steve Hobbs (D-44)
Introduced
January 16, 2012 in the Senate
Last action
April 11, 2012
Versions
SB 6235, SSB 6235

AN ACT Relating to the licensing of escrow agents;

Sponsors

Prime sponsor: Steve Hobbs (D-44)

4 co-sponsors (2 Democrats, 2 Republicans)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 6235)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 6235)
  4. By resolution, reintroduced and retained in present status.
  5. Senate Rules "X" file. (SSB 6235)
  6. Senate Rules "X" file.
  7. Passed to Rules Committee for second reading. (SSB 6235)
  8. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 6235)
  9. FIHI - Majority; 1st substitute bill be substituted, do pass.
  10. Passed to Rules Committee for second reading.
  11. First reading, referred to Financial Institutions, Housing & Insurance.

SB 6235 in other sessions

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

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