A Bill to Amend Section 37-22-110, Code of Laws of South Carolina, 1976, Relating to Mortgage Lending Definitions, So as to Make Certain Changes and Define the Term "Loan Correspondent"; to Amend Section 37-22-140, Relating to Mortgage Lending License Applications, So as to Remove the State Fingerprint-based Criminal History Record Check Requirement, to Require Three Hours of Prelicensing Education on South Carolina Laws and Regulations, to Allow the Licensure of a Personal Residence Under Certain Circumstances, and to Allow for the Grant of Transitional Licenses Pursuant to the Safe Act; to Amend Section 37-22-150, Relating to Expiration and Renewal of Licenses, So as to Remove References to a State Fingerprint-based Criminal History Record Check; to Amend Section 37-22-160, Relating to Continuing Professional Education, So as to Require at Least One Hour of Annual Continuing Professional Education on South Carolina Laws and Regulations; to Amend Section 37-22-190, Relating to Prohibited Activities, So as to Remove a Reference to the Secretary of the Department of Housing and Urban Development; to Amend Section 37-22-210, Relating to the Commissioner's Records, So as to Update a Reference; to Amend Section 37-22-240, Relating to Criminal Background Checks, So as to Remove Certain Requirements and to Authorize the Nationwide Mortgage Licensing System and Registry to Retain Fingerprints for Certain Purposes; to Amend Section 37-22-270, Relating to Participation in the Nationwide Mortgage Licensing System and Registry, So as to Delete References to the South Carolina Law Enforcement Division; to Amend Section 37-23-75, Relating to Loan Disclosures, So as to Require a Loan Estimate to Be Made Under the Tila-respa Integrated Disclosure Rule, to Amend Section 40-58-20, Relating to Definitions Concerning the Licensing of Mortgage Brokers Act, So as to Make Certain Changes and Define the Term "Loan Correspondent"; to Amend Section 40-58-50, as Amended, Relating to Mortgage
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Sponsor
- 1
- Latest action
- Feb 22, 2017
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Needs attention)
Law (Not started)
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
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Who is involved
Sponsors
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Where it goes next
While a bill can still move, the questions are about people and money in South Carolina.