VirginiaHB13072026 Regular SessionHouseWALLET

Mortgage lenders and brokers; criminal history records check.

Sponsored By: Dan I. Helmer (Democratic)

Signed by Governor

Summary

Mortgage lenders and brokers; criminal history records check. Replaces the option for an applicant submitting the required criminal history records check for licensure as a mortgage lender or mortgage broker, or an applicant to acquire control of a licensee, to submit fingerprints and other information to the Commissioner of Financial Institutions to forward such information to the Central Criminal Records Exchange with the option to submit such information to an FBI-approved channeler to forward such information to the FBI for the purposes of obtaining national criminal history record information. Under current law, there is also an option for such an applicant to submit such information to the Nationwide Mortgage Licensing System and Registry.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Housing authority agents are lenders, not brokers

Licensed mortgage lenders count as lenders, not brokers, when acting or offering to act as Virginia Housing Development Authority loan-originating agents. They must have a signed agreement with the Authority. This classification applies even when the Authority is named as the loan note’s payee or provides the loan money. The law does not specify a direct change to borrowers’ loan terms or costs.

Mortgage leaders must pay for background checks

Mortgage license applicants’ members, senior officers, directors, and principals must consent to national criminal checks. Principals include people who own or control at least 10% of a company. Covered people must provide fingerprints and personal details and pay the costs; this also covers people identified in control-acquisition applications. The check no longer includes a state records search. Virginia’s State Corporation Commission requires submission through an FBI-approved service or the nationwide mortgage Registry, if it can process checks. The Commission must deny an application if a covered person does not comply.

Sponsors & Cosponsors

Sponsor

  • Dan I. Helmer

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 216 • No: 0

Senate vote • 3/5/2026

Passed Senate Block Vote

Yes: 39 • No: 0

Senate vote • 3/4/2026

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 39 • No: 0

Senate vote • 3/4/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote • 3/2/2026

Reported from Commerce and Labor

Yes: 13 • No: 0

House vote • 2/17/2026

Read third time and passed House Block Vote

Yes: 97 • No: 0

House vote • 2/12/2026

Reported from Labor and Commerce with amendment(s)

Yes: 20 • No: 0

House vote • 2/10/2026

Subcommittee recommends reporting with amendment(s)

Yes: 8 • No: 0

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0773)

    4/13/2026Governor
  2. Approved by Governor-Chapter 773 (effective 7/1/2026)

    4/13/2026Governor
  3. Fiscal Impact Statement from State Corporation Commission (HB1307)

    4/6/2026House
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/14/2026Governor
  5. Enrolled Bill communicated to Governor on March 14, 2026

    3/14/2026House
  6. Signed by President

    3/12/2026Senate
  7. Signed by Speaker

    3/12/2026House
  8. Bill text as passed House and Senate (HB1307ER)

    3/10/2026House
  9. Enrolled

    3/10/2026House
  10. Passed Senate Block Vote (39-Y 0-N 0-A)

    3/5/2026Senate
  11. Read third time

    3/5/2026Senate
  12. Passed by for the day Block Vote (Voice Vote)

    3/4/2026Senate
  13. Constitutional reading dispensed Block Vote (on 2nd reading) (39-Y 0-N 0-A)

    3/4/2026Senate
  14. Rules suspended

    3/4/2026Senate
  15. Reported from Commerce and Labor (13-Y 0-N)

    3/2/2026Senate
  16. Fiscal Impact Statement from State Corporation Commission (HB1307)

    2/23/2026House
  17. Referred to Committee on Commerce and Labor

    2/18/2026Senate
  18. Constitutional reading dispensed (on 1st reading)

    2/18/2026Senate
  19. Read third time and passed House Block Vote (97-Y 0-N 0-A)

    2/17/2026House
  20. Engrossed by House as amended

    2/16/2026House
  21. committee amendments agreed to

    2/16/2026House
  22. Read second time

    2/16/2026House
  23. Read first time

    2/15/2026House
  24. Reported from Labor and Commerce with amendment(s) (20-Y 0-N)

    2/12/2026House
  25. House subcommittee offered

    2/10/2026House

Bill Text

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