H.R.2948 - 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.115th Congress (2017-2018)
|Sponsor:||Rep. Stivers, Steve [R-OH-15] (Introduced 06/20/2017)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 115-552|
|Committee Prints:||H.Prt. 115-59|
|Latest Action:||House - 02/13/2018 Placed on the Union Calendar, Calendar No. 414. (All Actions)|
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Summary: H.R.2948 — 115th Congress (2017-2018)All Information (Except Text)
Reported to House without amendment (02/13/2018)
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(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.