CLICS/CLICS2018A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB18-1174
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
Date Feb 13, 2018
Location LSB A
HB18-1174 - Amended, referred to House Finance
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| Attachment Tag |
File Name |
| Attachment |
https://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/7A63E9B5DEC96E048725823B00742325/$File/180213 AttachI.pdf?OpenElement
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| Attachment |
https://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/EB9EA91ED0171DE88725823B00742897/$File/180213 AttachJ.pdf?OpenElement
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02:53:01 PM |
Representatives Arndt and Gray introduced
House Bill 18-1174. The bill continues the Mortgage Loan Originator Licensing
and Mortgage Company Registration Act in the Department of Regulatory Agencies
(DORA) â which is scheduled to repeal September 1, 2018 â for 11 years
through September 1, 2029. The bill also implements the recommendations
from DORA's sunset review. The committee took a brief recess. |
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02:56:15 PM |
The committee reconvened. |
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03:06:24 PM |
Representative Arndt distributed and explained amendment L.0002 [Attachment I]. |
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03:07:23 PM |
Representative Gray discussed the bill. |
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03:08:22 PM |
Terry Jones, representing the Colorado Mortgage Lenders Association, testified regarding the bill. |
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03:13:17 PM |
Matthew Schultz, Firelight Mortgage and Colorado Mortgage Lenders Association, testified regarding the bill and amendment L.002 [Attachment I]. |
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03:16:15 PM |
Cary Whitaker, Colorado Mortgage Lenders Association, testified in support of amendment L.002 [Attachment I] and the bill. |
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03:20:07 PM |
Jackie Dunlap, representing herself, testified regarding the bill. |
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03:22:56 PM |
Bill Kidwell, Impact mortgage Management Advocacy & Advisory
Group, testified regarding the bill and distributed a handout to the committee
[Attachment J]. |
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03:27:16 PM |
Frank Sturgel, representing himself, testified regarding the sunset review process. |
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03:33:15 PM |
The committee discussed amendment L.002 [Attachment I]. |
03:34:11 PM
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Motion |
Adopt amendment L.002 |
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| Moved |
Arndt |
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| Seconded |
Gray |
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Arndt |
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Coleman |
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Garnett |
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Gray |
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Liston |
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Rosenthal |
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Sandridge |
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Sias |
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Thurlow |
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Van Winkle |
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Williams D. |
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Winter |
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Kraft-Tharp |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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03:36:02 PM
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Motion |
Refer House Bill 18-1174, as amended, to the Committee on Finance. |
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| Moved |
Arndt |
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| Seconded |
Gray |
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Arndt |
Yes |
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Coleman |
Yes |
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Garnett |
Yes |
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Gray |
Yes |
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Liston |
Yes |
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Rosenthal |
Yes |
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Sandridge |
Yes |
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Sias |
Yes |
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Thurlow |
Yes |
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Van Winkle |
Yes |
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Williams D. |
Yes |
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Winter |
Yes |
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Kraft-Tharp |
Yes |
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Final |
YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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