Senate Bill S3832

2013-2014 Legislative Session

Relates to conforming criminal provisions of the mortgage banking provisions to those relating to mortgage loan originators

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2013-S3832 (ACTIVE) - Details

Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §§592 & 592-a, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: S5144
2015-2016: S2896

2013-S3832 (ACTIVE) - Summary

Conforms criminal provisions of the mortgage banking provisions to those relating to mortgage loan originators.

2013-S3832 (ACTIVE) - Sponsor Memo

2013-S3832 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3832

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 21, 2013
                               ___________

Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law,  in  relation  to  applications  for  a
  license  to engage in the business of mortgage banking and to register
  as a mortgage broker

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 2 of section 592 of the banking law, as amended
by chapter 472 of the laws of 2008, is amended to read as follows:
  2. [The] NOTWITHSTANDING ANY OTHER LAW, THE superintendent [may refuse
to]  SHALL  NOT  issue  a  license pursuant to this article if he or she
shall find that the applicant, or any person who is a director, officer,
partner, agent, employee,  substantial  stockholder  of  the  applicant,
consultant or person having a relationship with the applicant similar to
a  consultant,  (a) has been convicted of [a crime involving an activity
which is a felony under  this  chapter  or  under  article  one  hundred
fifty-five,  one  hundred seventy, one hundred seventy-five, one hundred
seventy-six, one hundred eighty, one hundred  eighty-five,  one  hundred
eighty-seven,  one  hundred ninety, two hundred, two hundred ten or four
hundred seventy of the penal law or any comparable felony under the laws
of any other state or the United States, provided that such crime  would
be a felony if committed and prosecuted under the laws of this state] OR
PLED  NOLO  CONTENDERE  TO, A FELONY IN A DOMESTIC, FOREIGN, OR MILITARY
COURT DURING THE SEVEN-YEAR PERIOD PRECEDING THE DATE OF THE APPLICATION
FOR LICENSING OR AT ANY TIME PRECEDING SUCH DATE OF APPLICATION, IF SUCH
FELONY INVOLVED AN ACT OF FRAUD, DISHONESTY, OR A BREACH  OF  TRUST,  OR
MONEY LAUNDERING or (b) has had a MORTGAGE BANKER license [or], MORTGAGE
BROKER  registration  OR MORTGAGE LOAN ORIGINATOR AUTHORIZATION, LICENSE
OR LICENSE EQUIVALENT revoked [by the  superintendent]  IN  ANY  GOVERN-
MENTAL  JURISDICTION,  EXCEPT  THAT A SUBSEQUENT FORMAL VACATION OF SUCH
REVOCATION SHALL NOT BE DEEMED TO BE A REVOCATION  or  (c)  has  been  a

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08149-01-3
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.