HB 408 (2012): clarifying the exemption for attorneys from licensing requirements for mortgage brokers or bankers.

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“HB 408 (2012): clarifying the exemption for attorneys from licensing requirements for mortgage brokers or bankers.” Granite Record, https://graniterecord.org/bill/2012/hb408. Accessed 24 Oct. 2026.
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@misc{bill-2012-hb408, title = {HB 408 (2012): clarifying the exemption for attorneys from licensing requirements for mortgage brokers or bankers.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2012/hb408}, note = {Accessed 24 Oct. 2026} }

HB 408 (2012)

clarifying the exemption for attorneys from licensing requirements for mortgage brokers or bankers.

  • Status: Signed into law
  • Term: 2011-2012
  • House committee: Commerce and Consumer Affairs
  • Senate committee: Commerce
  • Subject: Banking and Finance
  • Chapter law: 85

The Story

It was introduced on January 6, 2011 and referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on February 8, 2011. The committee held a work session on February 16, 2011. The committee met in executive session on March 1, 2011 to vote on its recommendation. The committee retained the bill, holding it for further work rather than reporting it out this year. The committee held work sessions on September 20, 2011, October 4, 2011 and October 20, 2011. The committee met in executive session on October 20, 2011 to vote on its recommendation. The committee voted 14–1 to recommend that the House pass it with changes (amendment 2678h), and the report was placed on the consent calendar. The committee's amendment (2678h) was adopted on a voice vote on January 4, 2012, changing the text of the bill. On January 4, 2012 the House voted to pass it with changes on a voice vote. It crossed to the Senate on January 18, 2012 and was referred to the Senate Commerce committee. The committee held a public hearing on March 27, 2012. The committee voted unanimously, 5–0, to recommend that the Senate pass it with changes (amendment 2012-1465s), and the report was placed on the consent calendar. The committee's amendment (1465s) was adopted on a voice vote on April 11, 2012, changing the text of the bill. On April 11, 2012 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. On May 9, 2012 the House adopted “House Concurs with Senate AM #1465s (Rep Hunt)” on a voice vote. The bill was enrolled on May 17, 2012 — the final check of the text before it goes to the governor. The governor signed it on May 29, 2012, making it Chapter 85 of the session laws.

Sponsors

Hearings and Sessions

  • February 8, 2011, 2:00 PM: public hearing, House Commerce and Consumer Affairs, LOB 302
  • February 16, 2011, 9:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
  • March 1, 2011, 3:00 PM: executive session, House Commerce and Consumer Affairs, LOB 302
  • September 20, 2011, 11:45 AM: work session, House Commerce and Consumer Affairs, LOB 302
  • October 4, 2011, 11:45 AM: work session, House Commerce and Consumer Affairs, LOB 302
  • October 20, 2011, 9:15 AM: work session, House Commerce and Consumer Affairs, LOB 302
  • October 20, 2011, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB 302
  • March 27, 2012, 9:00 AM: hearing, Senate Commerce, LOB 102

Votes

  • January 4, 2012, House: Ought to Pass with Amendment #2678h(NT) — voice vote, passed
  • April 11, 2012, Senate: Ought to Pass with Amendment 1465s — voice vote, passed
  • May 9, 2012, House: House Concurs with Senate AM #1465s (Rep Hunt) — voice vote, passed

The Docket

  • January 6, 2011: Introduced 1/6/2011 and Referred to Commerce and Consumer Affairs
  • February 8, 2011: Public Hearing: 2/8/2011 2:00 PM LOB 302
  • February 16, 2011: Subcommittee Work Session: 2/16/2011 9:00 AM LOB 302
  • February 25, 2011: ==CANCELLED== Subcommittee Work Session: 2/25/2011 9:15 AM LOB 302
  • February 25, 2011: ==CANCELLED== Executive Session: 2/25/2011 10:00 AM LOB 302
  • March 1, 2011: Executive Session: 3/1/2011 3:00 PM LOB 302
  • March 1, 2011: Retained in Committee
  • September 20, 2011: Retained Bill - Banking/Business Div Subcom Work Session: 9/20/2011 11:45 AM LOB 302
  • October 4, 2011: Retained Bill - Banking/Business Div Subcom Work Session: 10/4/2011 11:45 AM LOB 302
  • October 20, 2011: Retained Bill - Banking/Business Div Subcom Work Session: 10/20/2011 9:15 AM LOB 302
  • October 20, 2011: Retained Bill - Executive Session: 10/20/2011 1:15 PM LOB 302
  • October 28, 2011: Committee Report: Ought to Pass with Amendment #2678h(NT) for Jan 4 (Vote 14-1; CC)
  • October 28, 2011: Proposed Committee Amendment #2011-2678h (New Title)
  • January 4, 2012: Amendment #2678h(NT) Adopted, VV
  • January 4, 2012: Ought to Pass with Amendment #2678h(NT): MA VV
  • January 18, 2012: Introduced and Referred to Commerce
  • March 20, 2012: Hearing: 3/20/12, Room 102, LOB, 10:30 a.m.; SC11
  • March 20, 2012: Hearing: === CANCELLED === 3/20/12, Room 102, LOB, 10:30 a.m
  • March 27, 2012: Hearing: 3/27/12, Room 102, LOB, 9:00 a.m.; SC12
  • April 3, 2012: Committee Report: Ought to Pass with Amendment #2012-1465s, 4/11/12; Vote 5-0; CC; SC14
  • April 11, 2012: Committee Amendment 1465s; AA, VV
  • April 11, 2012: Ought to Pass with Amendment 1465s, MA, VV; OT3rdg
  • May 9, 2012: House Concurs with Senate AM #1465s (Rep Hunt): MA VV
  • May 16, 2012: Enrolled
  • May 17, 2012: Enrolled
  • May 29, 2012: Signed By Governor 05/29/2012; Effective 05/29/2012; Chapter 0085

Laws It Would Change

Related Bills

  • SB 355 (2012): clarifying the exemption for attorneys from licensing requirements for mortgage brokers or bankers.

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