SB 375 - Mortgage Lenders/Brokers; create a nation-wide automated licensing system; provide Banking/Finance Dept. participate; rules/regulations

Current VersionPDF Version

Committees

Current Status

01/30/08 - Senate Read and Referred

First Reader Summary

A BILL to be entitled an Act to amend Article 13 of Chapter 1 of Title 7 of the Official Code of Georgia Annotated, relating to licensing of mortgage lenders and mortgage brokers, so as to create a nation-wide automated licensing system for mortgage brokers and mortgage lenders; to provide legislative findings; to provide for the Department of Banking and Finance to participate in such a system; to provide for rules and regulations; to provide for disbursement of fees minus expenses; to provide for changing license renewal dates; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Status History

Bill History
DateAction
01/30/2008Senate Read and Referred