SB 315: Relating to: the minimum net worth requirement for licensed mortgage brokers.
SB 315 status: To Governor — Failed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82 (updated May 13, 2026).
What this bill does
Overall score
Bill summary
OfficialThis bill would change the rule for how much money mortgage brokers are required to have in the bank to stay in business. It is currently being debated in the Senate.
Key analysis
Impact analysis
Environment
Benefits
- no direct environmental impact identified
Risks
- no direct environmental impact identified
Economy
Benefits
- potential reduction in financial barriers for brokers
Risks
- potential reduction of capital buffers for consumer protection
Society
Benefits
- no significant societal impact identified
Risks
- no significant societal impact identified
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
bill failed to override governor's veto
analysis based solely on brief abstract
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CurrentFailed to pass notwithstanding the objections of the Governor pursuant to Joint Rule 82
Enacted
UpcomingHow it affects your district
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