HF 2392: Relating to mortgage administration and mortgage servicers

What it does

This bill relates to mortgage administration and mortgage servicers. The bill requires applicants for a mortgage banker, a mortgage broker, or a closing agent license to submit to the administrator an application on the provided forms containing, in addition to other information laid out by the bill, the address of the applicant’s principal place of business and of all branch offices where business is to be conducted, rather than all addresses as required under current law. “Principal place of business” and “branch office” are defined in the bill.

House subcommittee · named January 24, 2024

• Rep. Carter F. Nordman (R) · carter.nordman@legis.iowa.gov
• Rep. J.D. Scholten (D) · j.d.scholten@legis.iowa.gov
• Rep. Mike Vondran (R) · mike.vondran@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa Division of Banking; Rocket Mortgage

In plain words

1. January 24, 2024Filed in the House and sent to the Commerce committee · as HSB 609
2. January 24, 2024House subcommittee named: Nordman, Scholten and Vondran · as HSB 609
3. January 31, 2024Subcommittee recommended passing it · as HSB 609
4. February 6, 2024Approved by the House committee · as HSB 609
5. February 8, 2024Filed in the House
6. February 8, 2024Approved by the House committee, and given a new number: HF 2392 · as HSB 609
7. February 21, 2024Passed the House, 97–0
8. February 22, 2024Arrived in the Senate
9. March 20, 2024Took the place of SF 2298 on the Senate floor (the same legislation)
10. March 20, 2024Passed the Senate, 48–0
11. April 10, 2024Sent to the Governor
12. April 10, 2024Signed into law