SB314 (2018) Detail

(New Title) relative to regulation of mortgage bankers, brokers, servicers, and originators.


CHAPTER 211

SB 314 - FINAL VERSION

 

03/21/2018   1089s

05/03/2018   1844EBA

 

2018 SESSION

18-2807

03/01

 

SENATE BILL 314

 

AN ACT relative to regulation of mortgage bankers, brokers, servicers, and originators.

 

SPONSORS: Sen. French, Dist 7

 

COMMITTEE: Commerce

 

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AMENDED ANALYSIS

 

This bill exempts from regulation as a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator certain individuals who are not regularly engaged in such activities.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/21/2018   1089s

05/03/2018   1844EBA 18-2807

03/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to regulation of mortgage bankers, brokers, servicers, and originators.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

211:1  New Subparagraph; Mortgage Bankers, Brokers, Servicers, or Originators; Application of Chapter.  Amend RSA 397-A:2, I by inserting after subparagraph (c) the following new subparagraph:

(d)  An individual who acts as a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator if the individual is not engaged habitually and repeatedly in such activities in a commercial context.  It shall be a rebuttable presumption that an individual is not engaged in the business of a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator if the individual is not involved in more than 3 loans in any consecutive 12-month period.

211:2  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: June 08, 2018

Effective Date: August 07, 2018

Links

SB314 at GenCourtMobile

Action Dates

Date Body Type
Feb. 6, 2018 Senate Hearing
March 22, 2018 Senate Floor Vote
March 22, 2018 Senate Floor Vote
March 21, 2018 Senate Floor Vote
April 10, 2018 House Hearing
April 17, 2018 House Exec Session
House Floor Vote
April 26, 2018 House Floor Vote

Bill Text Revisions

SB314 Revision: 4140 Date: June 13, 2018, 10:37 a.m.
SB314 Revision: 3639 Date: May 8, 2018, 2:24 p.m.
SB314 Revision: 3295 Date: March 21, 2018, 2:09 p.m.
SB314 Revision: 2658 Date: Dec. 8, 2017, 11:59 a.m.

Docket

Date Status
Jan. 3, 2018 To Be Introduced 01/03/2018 and Referred to Commerce; SJ 1
Feb. 6, 2018 ===ROOM CHANGE=== Hearing: 02/06/2018, Room 102, LOB, 02:00 pm; SC 5
March 22, 2018 Committee Report: Ought to Pass with Amendment # 2018-1089s, 03/22/2018; SC 13
March 21, 2018 Committee Report: Ought to Pass with Amendment # 2018-1089s, 03/21/2018; SC 13
March 22, 2018 Committee Report: Ought to Pass with Amendment # 2018-1089s, 03/22/2018; SC 13
March 21, 2018 Committee Amendment # 2018-1089s, AA, VV; 03/21/2018; SJ 9
March 21, 2018 Ought to Pass with Amendment 2018-1089s, MA, VV; OT3rdg; 03/21/2018; SJ 9
March 22, 2018 Introduced 03/22/2018 and referred to Commerce and Consumer Affairs HJ 10 P. 52
April 10, 2018 Public Hearing: 04/10/2018 10:45 AM LOB 302
April 17, 2018 Subcommittee Work Session: 04/17/2018 10:00 AM LOB 302
April 17, 2018 Executive Session: 04/17/2018 01:30 PM LOB 302
Majority Committee Report: Ought to Pass (Vote 12-4; RC)
April 26, 2018 Majority Committee Report: Ought to Pass for 04/26/2018 (Vote 12-4; RC) HC 16 P. 9
Minority Committee Report: Inexpedient to Legislate
April 26, 2018 Ought to Pass: MA VV 04/26/2018
May 3, 2018 Enrolled Bill Amendment # 2018-1844e: AA VV 05/03/2018
May 3, 2018 Enrolled Bill Amendment # 2018-1844e Adopted, VV, (In recess of 05/03/2018); SJ 17
May 10, 2018 Enrolled 05/10/2018
May 10, 2018 Enrolled (In recess 05/10/2018); SJ 18
June 8, 2018 Signed by the Governor on 06/08/2018; Chapter 0211; Effective 08/07/2018