Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 09, 2016 |
referred to correction delivered to assembly passed senate |
Mar 08, 2016 |
advanced to third reading |
Mar 07, 2016 |
2nd report cal. |
Mar 02, 2016 |
1st report cal.311 |
Jan 06, 2016 |
referred to banks returned to senate died in assembly |
Mar 18, 2015 |
referred to banks delivered to assembly passed senate |
Mar 10, 2015 |
advanced to third reading |
Mar 09, 2015 |
2nd report cal. |
Mar 04, 2015 |
1st report cal.203 |
Jan 30, 2015 |
referred to banks |
Senate Bill S2896
2015-2016 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
co-Sponsors
(D, IP) Senate District
2015-S2896 (ACTIVE) - Details
2015-S2896 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2896 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.
2015-S2896 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2896 2015-2016 Regular Sessions I N S E N A T E January 30, 2015 ___________ 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. LBD07708-01-5
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