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h_bus_2016a_2016-03-08t13:33:52z0 Hearing Summary

Date: 03/08/2016



Final

BILL SUMMARY for HB16-1306



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR


Votes: View--> Action Taken:
Adopt amendment L.001. The motion passed without o

Refer House Bill 16-1306, as amended, to the Commi
Pass Without Objection

PASS







01:34 PM -- HB 16-1306



Representative Williams, sponsor, introduced House Bill 16-1306. The bill amends, relocates, or repeals provisions of Colorado's mortgage loan originator licensing statutes that conflict with or have been rendered unnecessary by recent changes to federal law, or no longer reflect current national industry standards.



Representative Williams provided the committee with a copy of amendment L.001 (Attachment A).



160308 AttachA.pdf160308 AttachA.pdf



01:38 PM --
Jayne Bail, Colorado Association of Mortgage Professionals (COAMP), testified in opposition to the bill. Ms. Bail responded to questions from the committee.



01:56 PM --
Cary Whitaker, Colorado Mortgage Lenders Association (CMLA), testified in support of the bill. Mr. Whitaker responded to questions from the committee.



02:03 PM --
Terry Jones, CMLA, testified in support of the bill. Mr. Jones responded to questions from the committee.



02:15 PM --
Jenifer Waller, Colorado Bankers Association, testified in support of the bill.


BILL: HB16-1306
TIME: 02:16:57 PM
MOVED: Williams
MOTION: Adopt amendment L.001. The motion passed without objection.
SECONDED: Navarro
VOTE
Arndt
Garnett
Navarro
Nordberg
Pabon
Rosenthal
Roupe
Sias
Thurlow
Winter
Wist
Kraft-Tharp
Williams
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection







02:18 PM



Representative Williams made closing remarks on the bill.


BILL: HB16-1306
TIME: 02:18:30 PM
MOVED: Williams
MOTION: Refer House Bill 16-1306, as amended, to the Committee of the Whole. The motion passed on a vote of 13-0.
SECONDED: Arndt
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Yes
Rosenthal
Yes
Roupe
Yes
Sias
Yes
Thurlow
Yes
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS









02:20 PM



The committee adjourned.




The House and Senate are temporarily adjourned.  The building is closed to the public.

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