Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.
SB315 • 2025
the minimum net worth requirement for licensed mortgage brokers
The latest official action shows the governor vetoed this bill. Check the bill history to see whether lawmakers later overrode that veto.
The plain English breakdown is still being put together. The official documents below are already here.
Report vetoed by the Governor on 3-20-2026
Presented to the Governor on 3-18-2026
Representative Stubbs withdrawn as a cosponsor
Report correctly enrolled
Received from Assembly concurred in
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
Placed on calendar 1-13-2026 by Committee on Rules
Read first time and referred to committee on Rules
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
Placed on calendar 10-14-2025 pursuant to Senate Rule 18(1)
Executive action taken
Report passage recommended by Committee on Financial Institutions and Sporting Heritage , Ayes 3, Noes 2
Available for scheduling
Public hearing held
Introduced by Senators Stafsholt and Kapenga ; cosponsored by Representatives Brooks , Franklin , Goodwin , Green , Knodl , Kreibich , O'Connor and Piwowarczyk
Read first time and referred to Committee on Financial Institutions and Sporting Heritage
the minimum net worth requirement for licensed mortgage brokers Status: S - Vetoed