Substitute for Raised H.B. No. 6993
Session Year 2019


AN ACT CONCERNING TEMPORARY AUTHORITY TO ACT AS A MORTGAGE LOAN ORIGINATOR AND DEFINING THE CIRCUMSTANCES CONSTITUTING A CHANGE OF CONTROL PERSON.

To (1) allow mortgage loan originators who have been licensed as a mortgage loan originator in another state or employed as a federal registered loan originator to temporarily act as a mortgage loan originator in this state, and (2) define the circumstances constituting a "change in control" for purposes of filing certain advance change notices with the commissioner.