HB38Introduced in the House of Delegates
Financial Institutions - Licensing of Affiliated Insurance Producer-Mortgage Loan Originators - Alterations
Introduced by Pamela Queen, District 14
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Altering the licensing requirements for an affiliated insurance producer-mortgage loan originator; and requiring the Commissioner of Financial Regulation to approve a certain financial institution that meets certain criteria or certain mortgage lenders that meet certain criteria to sponsor an affiliated insurance producer-mortgage loan originator if the mortgage lender is in good standing with the Commissioner and any other regulator to which it is subject and is in material compliance with applicable state and federal law.
Where it stands
Approved by the Governor - Chapter 512
May 12, 2026
How did lawmakers vote?
House of Delegates votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Third Reading Passed · April 13, 2026
43
Yes
0
No
4
Absent or Not Voting
47 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Mike McKay | 1 | Yes |
| Paul Corderman | 2 | Yes |
| Karen Lewis Young | 3 | Yes |
| William Folden | 4 | Yes |
| Justin Ready | 5 | Yes |
| Johnny Salling | 6 | Yes |
| J.B. Jennings | 7 | Yes |
| Carl Jackson | 8 | Yes |
| Katie Hester | 9 | Yes |
| Benjamin Brooks | 10 | Yes |
Bill history
Pre-filed
First Reading Economic Matters
Hearing 2/03 at 1:00 p.m.
Hearing canceled
Hearing 2/03 at 1:30 p.m.
Favorable with Amendments Report by Economic Matters
Favorable with Amendments {153228/1 Adopted
Second Reading Passed with Amendments
Third Reading Passed (136-0)
Referred Finance
Hearing 3/24 at 1:00 p.m.
Favorable Report by Finance
Favorable Adopted
Second Reading Passed
Third Reading Passed (43-0)
Returned Passed
Approved by the Governor - Chapter 512
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