Virginia 2020 Regular Session Status: In Committee

HB 562 — Mortgage loan originators; exempts retailers of manufactured or modular homes, etc.

Last action — Tabled in Labor and Commerce (16-Y 0-N)

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House of Delegates
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Mortgage loan originators; exemption. Exemptsretailers of manufactured or modular homes and employees of suchretailers from the licensing and other requirements applicable tomortgage loan originators. The exemption applies if the retaileror employee (i) does not receive compensation or gain for engagingin certain activities that exceeds any compensation or gain receivedin a comparable cash transaction; (ii) makes certain disclosures;and (iii) does not directly negotiate loan terms with the consumeror lender.

Bill Text

  • Impact statement from SCC (HB562) View text Current html January 06, 2020

Action History

  1. Tabled in Labor and Commerce (16-Y 0-N)

  2. Impact statement from SCC (HB562)

  3. Referred to Committee on Labor and Commerce

  4. Prefiled and ordered printed; offered 01/08/20 20103340D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Tabled in Labor and Commerce (16-Y 0-N)

Passed 16 Yea · 0 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 16006
Total 16006
% of votes cast 73%0%0%27%
How each member voted (22)
Member Party Vote
Lindsey, Joseph C. — Not Voting
Alfonso H. Lopez — Not Voting
Ayala, Hala S. — Not Voting
Bourne, Jeffrey M. — Yea
Byron, Kathy J. — Yea
Christopher T. Head — Yea
Gooditis, Wendy W. — Yea
Guzman, Elizabeth R. — Yea
Heretick, Steve E. — Not Voting
Israel D. O'Quinn — Yea
Jeion A. Ward — Not Voting
Keam, Mark L. — Yea
Kory, Kaye — Yea
Lamont Bagby — Yea
Marshall, Daniel W., III — Yea
Michael J. Webert — Yea
Mullin, Michael P. — Not Voting
R. Lee Ware — Yea
Ransone, Margaret B. — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Terry G. Kilgore — Yea
Tony O. Wilt — Yea

Official roll call →

Subjects

housing labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 562 do?
Mortgage loan originators; exemption. Exemptsretailers of manufactured or modular homes and employees of suchretailers from the licensing and other requirements applicable tomortgage loan originators. The exemption applies if the retaileror employee (i) does not receive compensation or gain for engagingin certain activities that exceeds any compensation or gain receivedin a comparable cash transaction; (ii) makes certain disclosures;and (iii) does not directly negotiate loan terms with the consumeror lender.
Who sponsors HB 562?
HB 562 is sponsored by Marshall, Daniel W., III.
What is the current status of HB 562?
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 562?
Track HB 562 free on One Click Politics — get push/email alerts when it moves.

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