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 - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (16)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 05, 2014 referred to banks
delivered to assembly
passed senate
Mar 31, 2014 advanced to third reading
Mar 27, 2014 2nd report cal.
Mar 26, 2014 1st report cal.365
Jan 08, 2014 referred to banks
returned to senate
died in assembly
Jun 12, 2013 referred to banks
delivered to assembly
passed senate
Jun 11, 2013 advanced to third reading
Jun 10, 2013 2nd report cal.
Jun 05, 2013 1st report cal.1130
Feb 21, 2013 referred to banks

Votes

view votes

Mar 26, 2014 - Banks committee Vote

S3832
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Jun 5, 2013 - Banks committee Vote

S3832
18
0
committee
18
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

S3832 - Details

Law Section:
Banking Law
Laws Affected:
Amd ยงยง592 & 592-a, Bank L
Versions Introduced in 2011-2012 Legislative Session:
S5144

S3832 - Summary

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

S3832 - Sponsor Memo

S3832 - 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

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