SB315Introduced in the Senate
The minimum net worth requirement for licensed mortgage brokers.
Introduced by Rob Stafsholt, District 10
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
An Act to amend 224.72 (4) (b) of the statutes; Relating to: the minimum net worth requirement for licensed mortgage brokers.
Where it stands
Failed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82
May 13, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced
Read first time and referred to Committee on Financial Institutions and Sporting Heritage
Public hearing held
Executive action taken
Report passage recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 3, Noes 2
Available for scheduling
Placed on calendar 10-14-2025 pursuant to Senate Rule 18(1)
Read a second time
Ordered to a third reading
Rules suspended to give bill its third reading
Read a third time and passed
Ordered immediately messaged
Received from Senate
Read first time and referred to committee on Rules
Placed on calendar 1-13-2026 by Committee on Rules
Rules suspended to withdraw from calendar and take up
Representative Stubbs added as a cosponsor
Read a second time
Ordered to a third reading
Rules suspended
Read a third time and concurred in
Ordered immediately messaged
Received from Assembly concurred in
Representative Stubbs withdrawn as a cosponsor
Report correctly enrolled
Presented to the Governor on 3-18-2026
Report vetoed by the Governor on 3-20-2026
Placed on calendar 5-12-2026 pursuant to Joint Rule 82 (2)(a)
Failed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82
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