Did not become law. It stopped in the Senate's Banking Committee on March 4, 2016. The 2016 session has ended.
2016 Regular Session
Senate Bill 404
AN ACT CONCERNING MONEY TRANSMISSION IN THE STATE AND THE FIDUCIARY DUTIES OF MORTGAGE SERVICERS.
What it does
The synopsis the General Assembly published with the bill.
To (1) clarify what constitutes activity occurring within this state in the context of money transmission and debt negotiation services; and (2) require that moneys received by mortgage servicers from mortgagors for the payment of such mortgagors' taxes and insurance premiums are deposited into a separate trust account and not commingled with other funds of the servicer.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
March 3 to March 4, 2016, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateMar 3 to Mar 4 · stopped1 day
Banking CommitteeMar 3 to Mar 4 · stopped1 day
Text
Each version as the General Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the General Assembly published it is below.
In the Senate Mar 3 – Mar 4
- Mar 3Introduced and sent to Banking Committee
- Mar 4Heard in Banking Committee
All 2 actions, as published
- Mar 3REF. TO JOINT COMM. ONBoth houses
- Mar 4PUBLIC HEARINGBoth houses