WA People
BILL · 2013–14 SESSION · LATEST VERSION SSB 5210

SB 5210: 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 (SSB 5210), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 30, Laws of 2013
  1. IntroducedJan 23, 2013
  2. Out of committeeFeb 20, 2013
  3. Passed SenateMar 12, 2013
  4. Passed HouseApr 9, 2013
  5. GovernorApr 22, 2013
  6. LawApr 22, 2013
Prime sponsor
Sharon Nelson (D-34)
Introduced
January 23, 2013 in the Senate
Last action
April 22, 2013
Session law
Chapter 30, Laws of 2013
Requested by
Other
Companion bill
HB 1328
Budget
Has a fiscal note
Versions
SB 5210, SSB 5210

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: Sharon Nelson (D-34)

1 co-sponsor (1 Democrat, 0 Republicans)

Brian Hatfield D-19

Votes

Senate · 3rd Reading & Final Passage

Passed March 12, 2013
Version voted on: SSB 5210
46 Yea 3 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican20300
How each member voted
Permalink to this vote

House · Final Passage

Passed April 9, 2013
Version voted on: SSB 5210
93 Yea 1 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat54001
Republican39103
How each member voted

Yea (93)

Nay (1)

Excused (4)

Permalink to this vote

History

  1. Effective date 7/28/2013. (SSB 5210)
  2. Chapter 30, 2013 Laws. (SSB 5210)
  3. Governor signed. (SSB 5210)
  4. Speaker signed. (SSB 5210)
  5. Delivered to Governor. (SSB 5210)
  6. President signed. (SSB 5210)
  7. Third reading, passed; yeas, 93; nays, 1; absent, 0; excused, 4. (SSB 5210)
  8. Rules suspended. Placed on Third Reading. (SSB 5210)
  9. Placed on second reading by Rules Committee. (SSB 5210)
  10. Passed to Rules Committee for second reading. (SSB 5210)
  11. Minority; without recommendation. (SSB 5210)
  12. BFS - Majority; do pass. (SSB 5210)
  13. BFS - Executive action taken by committee. (SSB 5210)
  14. First reading, referred to Business & Financial Services (Not Officially read and referred until adoption of Introduction report). (SSB 5210)
  15. Third reading, passed; yeas, 46; nays, 3; absent, 0; excused, 0. (SSB 5210)
  16. Rules suspended. Placed on Third Reading. (SSB 5210)
  17. 1st substitute bill substituted. (SSB 5210)
  18. 1st substitute bill substituted.
  19. Placed on second reading by Rules Committee. (SSB 5210)
  20. Placed on second reading by Rules Committee.
  21. Made eligible to be placed on second reading. (SSB 5210)
  22. Made eligible to be placed on second reading.
  23. Passed to Rules Committee for second reading. (SSB 5210)
  24. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 5210)
  25. FIHI - Majority; 1st substitute bill be substituted, do pass.
  26. Passed to Rules Committee for second reading.
  27. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5210 in other sessions

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

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