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Senate Bill 232 |
Senate Author: Carona |
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Effective: 9-1-13 |
House Sponsor: Villarreal |
Senate Bill 232 amends the Finance Code to authorize the consumer credit commissioner to require a person to submit through the Nationwide Mortgage Licensing System and Registry, in the form and manner prescribed by the commissioner and acceptable to the registry, any information, document, or payment of a fee required to be submitted to the commissioner under statutory provisions relating to the commissioner's powers and duties and the regulation of consumer loans, motor vehicle installment sales, property tax lending, credit services organizations, and debtor assistance, or under rules adopted under those provisions. The bill authorizes the commissioner to use the nationwide registry as a channeling agent for obtaining information required for licensing or registration purposes under those statutory provisions, including criminal history record information; administrative, civil, or criminal findings by a governmental jurisdiction relevant to such licensing or registration; or any other information requested by the commissioner under those provisions.