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• Introduced by Sen. Tony Stamas (R) on April 23, 2009, to amend the state Mortgage Brokers, Lenders, and Servicers Licensing Act to comply with the federal “Secure and Fair Enforcement for Mortgage Licensing” Act of 2008 (“SAFE Act”) mandate. This creates a nationwide mortgage licensing registry; specifies for loan officer testing and training qualifications, and their continuing education courses; mandates criminal background checks and fingerprinting; and more.
  • Referred to the Senate Banking and Financial Institutions Committee on April 23, 2009.
    • Reported in the Senate on May 19, 2009, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on June 23, 2009, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
• Passed in the Senate (36 to 0) on June 24, 2009. [Vote Details and Comments]
• Received in the House on June 24, 2009.
  • Referred to the House Banking and Financial Services Committee on June 24, 2009.
• Passed in the House (105 to 1) on July 15, 2009, to amend the state Mortgage Brokers, Lenders, and Servicers Licensing Act to comply with the federal “Secure and Fair Enforcement for Mortgage Licensing” Act of 2008 (“SAFE Act”) mandate. This creates a nationwide mortgage licensing registry; specifies for loan officer testing and training qualifications, and their continuing education courses; mandates criminal background checks and fingerprinting; and more. [Vote Details and Comments]