US HR2948

Bill

To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.

Introduced
06/20/2017

In Committee
12/13/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes. (Sec. 1) This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators that meet specified requirements to continue to originate loans after moving: (1) from one state to another, or (2) from a depository institution to a non-depository institution. (Sec. 2) The bill revises the Act's civil liability immunity provisions.

AI Summary

This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators who meet certain requirements to continue originating loans after transitioning between employers, either by moving from one state to another or from a depository institution to a non-depository institution. The bill also revises the Act's civil liability immunity provisions.

Committee Categories

Business and Industry

Sponsors (47)

Steve Stivers (R)*, Pete Aguilar (D), Andy Barr (R), Joyce Beatty (D), Lisa Blunt Rochester (D), Mo Brooks (R), Julia Brownley (D), Ted Budd (R), Emanuel Cleaver (D), Mike Coffman (R), Barbara Comstock (R), Charlie Crist (D), John Delaney (D), Tom Emmer (R), Brian Fitzpatrick (R), Bill Foster (D), Josh Gottheimer (D), Jim Himes (D), Bill Huizenga (R), Randy Hultgren (R), Ruben Kihuen (D), Dan Kildee (D), Ron Kind (D), John Larson (D), Frank LoBiondo (R), Frank Lucas (R), Michelle Lujan Grisham (D), Carolyn Maloney (D), Sean Maloney (D), Gregory Meeks (D), Luke Messer (R), Gwen Moore (D), Grace Napolitano (D), Ed Perlmutter (D), Scott Peters (D), Bruce Poliquin (R), Jared Polis (D), Bill Posey (R), James Renacci (R), Dennis Ross (R), David Scott (D), Terri Sewell (D), Brad Sherman (D), Kyrsten Sinema (I), Claudia Tenney (R), Roger Williams (R), Kevin Yoder (R),

Last Action

Placed on the Union Calendar, Calendar No. 414. (on 02/13/2018)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/2948/all-info

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/2948/all-info
BillText	https://www.congress.gov/115/bills/hr2948/BILLS-115hr2948rh.pdf
Bill	https://www.congress.gov/115/bills/hr2948/BILLS-115hr2948rh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2948/BILLS-115hr2948ih.pdf
Bill	https://www.congress.gov/115/bills/hr2948/BILLS-115hr2948ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR10	Financial CHOICE Act of 2017	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.	Related
HR3280	Financial Services and General Government Appropriations Act, 2018	Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.	Related
HR3354	Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 Make America Secure and Prosperous Appropriations Act, 2018	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.	Related
HR3978	TRID Improvement Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S1753	SAFE Transitional License Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

Bill > HR2948

US HR2948

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (47)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary