Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 05, 2014 |
referred to banks delivered to assembly passed senate |
Mar 31, 2014 |
advanced to third reading |
Mar 27, 2014 |
2nd report cal. |
Mar 26, 2014 |
1st report cal.365 |
Jan 08, 2014 |
referred to banks returned to senate died in assembly |
Jun 12, 2013 |
referred to banks delivered to assembly passed senate |
Jun 11, 2013 |
advanced to third reading |
Jun 10, 2013 |
2nd report cal. |
Jun 05, 2013 |
1st report cal.1130 |
Feb 21, 2013 |
referred to banks |
Senate Bill S3832
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S3832 (ACTIVE) - Details
2013-S3832 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3832 TITLE OF BILL: An act to amend the banking law, in relation to applications for a license to engage in the business of mortgage banking and to register as a mortgage broker PURPOSE: To conform the character and fitness standards for mortgage bankers and mortgage brokers to the character and fitness standards for mortgage loan originators. SUMMARY OF PROVISIONS: Section 1 of the bill amends Section 592(2) of the Banking Law regarding mortgage bankers, and section 2 of the bill amends Section 592-a(2) of the Banking Law regarding mortgage brokers. Both sections are amended to provide that the Superintendent shall not issue a mortgage banker license, or a mortgage broker certificate, to a person who has been convicted of a felony in the preceding seven years, or if the person has ever been convicted of a felony involving an act of fraud, dishonesty, or a breach of trust, or money laundering. The existing restriction on issuing a mortgage banker license or a mortgage broker certificate where the applicant has previously had a license or certificate revoked by the Superintendent of Banks is
2013-S3832 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3832 2013-2014 Regular Sessions I N S E N A T E February 21, 2013 ___________ Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to applications for a license to engage in the business of mortgage banking and to register as a mortgage broker THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 592 of the banking law, as amended by chapter 472 of the laws of 2008, is amended to read as follows: 2. [The] NOTWITHSTANDING ANY OTHER LAW, THE superintendent [may refuse to] SHALL NOT issue a license pursuant to this article if he or she shall find that the applicant, or any person who is a director, officer, partner, agent, employee, substantial stockholder of the applicant, consultant or person having a relationship with the applicant similar to a consultant, (a) has been convicted of [a crime involving an activity which is a felony under this chapter or under article one hundred fifty-five, one hundred seventy, one hundred seventy-five, one hundred seventy-six, one hundred eighty, one hundred eighty-five, one hundred eighty-seven, one hundred ninety, two hundred, two hundred ten or four hundred seventy of the penal law or any comparable felony under the laws of any other state or the United States, provided that such crime would be a felony if committed and prosecuted under the laws of this state] OR PLED NOLO CONTENDERE TO, A FELONY IN A DOMESTIC, FOREIGN, OR MILITARY COURT DURING THE SEVEN-YEAR PERIOD PRECEDING THE DATE OF THE APPLICATION FOR LICENSING OR AT ANY TIME PRECEDING SUCH DATE OF APPLICATION, IF SUCH FELONY INVOLVED AN ACT OF FRAUD, DISHONESTY, OR A BREACH OF TRUST, OR MONEY LAUNDERING or (b) has had a MORTGAGE BANKER license [or], MORTGAGE BROKER registration OR MORTGAGE LOAN ORIGINATOR AUTHORIZATION, LICENSE OR LICENSE EQUIVALENT revoked [by the superintendent] IN ANY GOVERN- MENTAL JURISDICTION, EXCEPT THAT A SUBSEQUENT FORMAL VACATION OF SUCH REVOCATION SHALL NOT BE DEEMED TO BE A REVOCATION or (c) has been a EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08149-01-3
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