HB2389
Mortgage lending and brokerage entities; definitions remote location requirements.
Summary
As Passed Both Chambers. Remote location requirements for mortgage lending and brokerage entities.
Defines "office" and "remote location," as those terms apply to the licensing of mortgage lenders and mortgage brokers, and permits licensees to allow employees and exclusive agents to work from a remote location. The bill allows such an employee or exclusive agent to work at a remote location only if ... (More) certain requirements are met, including the establishment of written policies and procedures for remote work supervision; compliance with security plans and federal and state security requirements; the employment of appropriate risk-based monitoring and oversight processes; agreement of the employee or exclusive agent to comply with established practices; the proper maintenance of physical records; access of the licensee's secure systems via a virtual private network with password protection; the installation and maintenance of security updates; and the designation of the principal place of business as the mortgage loan originator's registered location for the purposes of the Nationwide Mortgage Licensing System and Registry record. (Less)-
Bill History
- 01/17/2023 - House: Presented and ordered printed 23104203D
- 01/17/2023 - House: Referred to Committee on Commerce and Energy
- 01/22/2023 - House: Impact statement from SCC (HB2389)
- 01/30/2023 - House: Assigned sub: Subcommittee #2
- 01/31/2023 - House: Subcommittee recommends reporting with substitute (9-Y 0-N)
- 02/02/2023 - House: Reported from Commerce and Energy with substitute (22-Y 0-N)
- 02/02/2023 - House: Committee substitute printed 23106058D-H1
- 02/05/2023 - House: Read first time
- 02/06/2023 - House: Read second time
- 02/06/2023 - House: Committee substitute agreed to 23106058D-H1
- 02/06/2023 - House: Engrossed by House - committee substitute HB2389H1
- 02/07/2023 - House: Impact statement from SCC (HB2389H1)
- 02/07/2023 - House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/07/2023 - House: VOTE: Block Vote Passage (99-Y 0-N)
- 02/08/2023 - Senate: Constitutional reading dispensed
- 02/08/2023 - Senate: Referred to Committee on Commerce and Labor
- 02/20/2023 - Senate: Senate committee, floor amendments and substitutes offered
- 02/20/2023 - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
- 02/20/2023 - Senate: Committee substitute printed 23107216D-S1
- 02/21/2023 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/21/2023 - House: Impact statement from SCC (HB2389S1)
- 02/22/2023 - Senate: Read third time
- 02/22/2023 - Senate: Reading of substitute waived
- 02/22/2023 - Senate: Committee substitute agreed to 23107216D-S1
- 02/22/2023 - Senate: Engrossed by Senate - committee substitute HB2389S1
- 02/22/2023 - Senate: Passed Senate with substitute (40-Y 0-N)
- 02/23/2023 - House: Senate substitute agreed to by House 23107216D-S1 (96-Y 0-N)
- 02/23/2023 - House: VOTE: Adoption (96-Y 0-N)
- 03/07/2023 - House: Enrolled
- 03/07/2023 - House: Bill text as passed House and Senate (HB2389ER)
- 03/08/2023 - House: Signed by Speaker
- 03/08/2023 - Senate: Signed by President
- 03/13/2023 - House: Enrolled Bill communicated to Governor on March 13, 2023
- 03/13/2023 - Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/20/2023 - House: Impact statement from SCC (HB2389ER)
- 03/26/2023 - Governor: Approved by Governor-Chapter 573 (effective 7/1/23)
- 03/26/2023 - Governor: Acts of Assembly Chapter text (CHAP0573)
