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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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