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Latest Update: Saturday, July, 19th 2008

Companion Bill SB3780. Mortgages - Requires licensing of mortgage originators and requires mortgage services licensees to complete continuing education. - Amends TCA Title 45, Chapter 13 and Title 45, Chapter 20. Fiscal Summary for HB3778 / *SB3780Increase State Revenue - $1,100,000/One-Time $5,500,000/Recurring Increase State Expenditures - $6,000/One-Time $244,100/Recurring Bill Summary for HB3778 / *SB3780 Present law requires registration of mortgage loan originators. This bill changes present law by requiring mortgage loan originators to be licensed instead of registered. This bill requires each application for renewal of a mortgage lender or loan originator license to include evidence of the completion of at least 12 hours of continuing education, including two hours of instruction [...]

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Latest Actions
  • 04/01/2008 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee
  • 03/26/2008 - Placed on Subcommittee Calendar Utilities, Banking and Small Business of Commerce for 04/01/2008
  • 03/04/2008 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee
  • 02/27/2008 - Placed on Subcommittee Calendar Utilities, Banking and Small Business of Commerce for 03/04/2008
  • 02/26/2008 - Action Deferred in Subcommittee Utilities, Banking and Small Business of Commerce to 3/4/2008

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Bill Text
File name Last Updated
HB3778 Bill Text PDF02/05/2008

Fiscal Notes
File name Last Updated
SB3780 Fiscal Notes PDF03/01/2008