Fabio
108 lines
8.9 KiB
Markdown
108 lines
8.9 KiB
Markdown
---
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type: "Bill"
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title: "Mortgage loan originators: licensure."
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description: "(1) Existing law provides for the licensure and regulation of mortgage loan originators, as defined, by the Commissioner of Corporations under the California Finance Lenders Law and the California Residential Mortgage Lending Act. Existing law requires a real estate license endorsement by the Real Estate Commissioner under the Real Estate Law for a real estate licensee to engage in the business of a mortgage loan originator. Existing law prohibits the issuance of a mortgage loan originator license or a license endorsement to act as a mortgage loan originator if the applicant for a license or license endorsement has been convicted of, or pled guilty or nolo contendere to, a felony during the 7-year period preceding the date of the application for licensing or at any time preceding the date of application if the felony involved an act of fraud, dishonesty, a breach of trust, or money laundering."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20112012"
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identifier: "SB 217"
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citation: "California SB 217 (20112012)"
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classification: ["bill"]
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subjects: ["Mortgage loan originators: licensure."]
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status: "enacted"
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primary_sponsors: ["Vargas"]
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version_count: 9
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action_count: 35
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vote_count: 9
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first_action: "2011-02-09"
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last_action: "2011-10-03"
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source: "openstates"
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source_identifier: "ocd-bill/89e8cb7b-6363-44b2-9b32-d431780e0b88"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB217"
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source_hash: "7370393eca202108f0bb15dcd0a40514e4e47b87d91741e01dc231f89375e492"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California SB 217 (20112012) — Mortgage loan originators: licensure.
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(1) Existing law provides for the licensure and regulation of mortgage loan originators, as defined, by the Commissioner of Corporations under the California Finance Lenders Law and the California Residential Mortgage Lending Act. Existing law requires a real estate license endorsement by the Real Estate Commissioner under the Real Estate Law for a real estate licensee to engage in the business of a mortgage loan originator. Existing law prohibits the issuance of a mortgage loan originator license or a license endorsement to act as a mortgage loan originator if the applicant for a license or license endorsement has been convicted of, or pled guilty or nolo contendere to, a felony during the 7-year period preceding the date of the application for licensing or at any time preceding the date of application if the felony involved an act of fraud, dishonesty, a breach of trust, or money laundering.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/09/11 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21799INT)
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2. **06/16/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21798AMD)
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3. **06/29/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21797AMD)
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4. **08/15/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21796AMD)
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5. **08/25/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21795AMD)
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6. **09/01/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21794AMD)
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7. **10/03/11 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21792CHP)
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8. **SB217** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB217)
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9. **09/12/11 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB217&version=20110SB21793ENR)
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## Votes
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- Do pass. — **5–0** (pass) · upper
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- Do pass, but re-refer to the Committee on Judiciary Recommend Consent. — **7–0** (pass) · upper
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- Do pass. — **17–0** (pass) · lower
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- Unfinished Supp 1 SB217 Vargas Concurrence — **40–0** (pass) · upper
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- SB 217 Vargas Senate Third Reading By ENG — **78–0** (pass) · lower
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- Do pass as amended and be re-referred to the Committee on Appropriations. — **11–0** (pass) · lower
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- From committee: That the Assembly Amendments be concurred in. — **6–0** (pass) · upper
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- Special Consent #3 — **39–0** (pass) · upper
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- SB 217 Vargas Senate Third Reading By ENG — **77–1** (pass) · lower
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## Sponsors
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- Vargas — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2011-02-09** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2011-02-10** From printer. May be acted upon on or after March 12.
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- **2011-02-17** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
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- **2011-02-24** Set for hearing April 6.
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- **2011-04-07** From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 579.) (April 6). Re-referred to Com. on JUD. `referral-committee, committee-passage, committee-passage-favorable`
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- **2011-04-29** Set for hearing May 10.
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- **2011-05-11** From committee: Do pass. (Ayes 5. Noes 0. Page 950.) (May 10). `committee-passage, committee-passage-favorable`
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- **2011-05-12** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2011-05-18** Ordered to special consent calendar.
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- **2011-05-23** Read third time. Passed. (Ayes 39. Noes 0. Page 1067.) Ordered to the Assembly. `reading-3, reading-1, passage`
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- **2011-05-23** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2011-06-02** Referred to Com. on B. & F. `referral-committee`
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- **2011-06-16** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
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- **2011-06-28** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 27). `amendment-passage, committee-passage, committee-passage-favorable`
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- **2011-06-29** Read second time and amended. Re-referred to Com. on APPR. `reading-2, reading-1, amendment-passage, referral-committee`
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- **2011-07-13** Set, first hearing. Hearing canceled at the request of author.
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- **2011-08-15** From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
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- **2011-08-18** From committee: Do pass. (Ayes 17. Noes 0.) (August 17). `committee-passage, committee-passage-favorable`
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- **2011-08-22** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2011-08-25** Read third time and amended. (Page 2582.) `reading-3, reading-1, amendment-passage`
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- **2011-08-25** Ordered to third reading.
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- **2011-08-30** Read third time. Passed. (Ayes 77. Noes 1. Page 2688.) Ordered to the Senate. `reading-3, reading-1, passage`
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- **2011-08-31** Action rescinded whereby the bill was read a third time, passed, and ordered to Senate.
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- **2011-08-31** Ordered to third reading.
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- **2011-09-01** Read third time and amended. (Page 2772.) `reading-3, reading-1, amendment-passage`
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- **2011-09-01** Ordered to third reading.
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- **2011-09-07** Read third time. Passed. (Ayes 78. Noes 0. Page 3007.) Ordered to the Senate. `reading-3, reading-1, passage`
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- **2011-09-07** In Senate. Concurrence in Assembly amendments pending.
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- **2011-09-08** Re-referred to Com. on RLS. pursuant to Senate Rule 29.10. `referral-committee`
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- **2011-09-08** From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10. (Ayes 5. Noes 0. Page 2382.) Re-referred to Com. on B. & F.I. `referral-committee, committee-passage`
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- **2011-09-08** From committee: That the Assembly amendments be concurred in. (Ayes 6. Noes 0. Page 2433.) `committee-passage`
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- **2011-09-08** Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2421.) Ordered to engrossing and enrolling. `committee-passage-favorable, amendment-passage`
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- **2011-09-14** Enrolled and presented to the Governor at 11:30 a.m.
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- **2011-10-03** Approved by the Governor. `executive-signature`
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- **2011-10-03** Chaptered by Secretary of State. Chapter 444, Statutes of 2011.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/89e8cb7b-6363-44b2-9b32-d431780e0b88`. Confidence: reported (aggregated from official California legislature records).
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