BILL · 2013–14 SESSION · LATEST VERSION SHB 1328

HB 1328: Mortgage brokers

Regulating mortgage brokers.

Summary

  • Expands the authority of the Director of the Department of Financial Institutions to impose sanctions for violations of the Mortgage Brokers Practices Act (MBPA).
  • Modifies an exemption to the MBPA.
  • Removes a limitation on the period of time to seek recovery against the bond of a licensee.

From the Substitute House Bill Report (SHB 1328), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 23, 2013
  2. Out of committeeFeb 21, 2013
  3. Passed HouseMar 7, 2013
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 23, 2013 in the House
Last action
January 13, 2014
Requested by
Other
Companion bill
SB 5210
Budget
Has a fiscal note
Versions
HB 1328, SHB 1328

AN ACT Relating to the department of financial institutions' regulation of mortgage brokers and clarifying the department's existing regulatory authority regarding residential mortgage loan modification services;

Sponsors

Prime sponsor: Steve Kirby (D-29)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

House · Final Passage

Passed March 7, 2013
Version voted on: SHB 1328
95 Yea 2 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat53101
Republican42100
How each member voted

Yea (95)

Excused (1)

History

  1. Referred to Business & Financial Services. (SHB 1328)
  2. Rules Committee relieved of further consideration. (SHB 1328)
  3. By resolution, reintroduced and retained in present status. (SHB 1328)
  4. By resolution, reintroduced and retained in present status. (SHB 1328)
  5. By resolution, reintroduced and retained in present status. (SHB 1328)
  6. By resolution, returned to House Rules Committee for third reading. (SHB 1328)
  7. Passed to Rules Committee for second reading. (SHB 1328)
  8. FIHI - Majority; do pass. (SHB 1328)
  9. First reading, referred to Financial Institutions, Housing & Insurance. (SHB 1328)
  10. Third reading, passed; yeas, 95; nays, 2; absent, 0; excused, 1. (SHB 1328)
  11. Rules suspended. Placed on Third Reading. (SHB 1328)
  12. 1st substitute bill substituted. (SHB 1328)
  13. 1st substitute bill substituted.
  14. Rules Committee relieved of further consideration. Placed on second reading. (SHB 1328)
  15. Rules Committee relieved of further consideration. Placed on second reading.
  16. Passed to Rules Committee for second reading. (SHB 1328)
  17. Passed to Rules Committee for second reading.
  18. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 1328)
  19. Minority; without recommendation. (SHB 1328)
  20. BFS - Executive action taken by committee.
  21. Minority; without recommendation.
  22. BFS - Majority; 1st substitute bill be substituted, do pass.
  23. First reading, referred to Business & Financial Services.

HB 1328 in other sessions

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

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