Date: 04/24/2017
Location: SCR 357

Votes: View-->	Action Taken:
Postpone House Bill 17-1026 indefinitely using a r Refer House Bill 17-1026 to the Committee of the W	PASS FAIL

01:55 PM -- HB17-1026

Senator Jones, sponsor, presented House Bill 17-1026 to the committee. A reverse mortgage provides a cash advance to the borrower based on the equity in the borrower's primary residence. Under current law, the borrower must repay the advance if he or she does not occupy the home as their primary residence, with exceptions for temporary absences of up to 60 days or, if the property is adequately secured, up to one year. The reengrossed bill, recommended by the Wildfire Matters Review Committee (committee), requires that, in 2017, the committee examine issues related to exceptions to the primary residence requirement for borrowers who are temporarily unable to occupy their home due to a natural disaster or an incident beyond the borrower's control that makes the home uninhabitable. The bill is repealed September 1, 2018.

01:58 PM -- Paul Weissmann, representing himself, testified in support of the bill.


02:04 PM

The committee recessed.


02:04 PM

The committee reconvened.

Senator Jones wrapped up his presentation of the bill.

BILL:	HB17-1026
TIME:	02:05:32 PM
MOVED:	Court
MOTION:	Refer House Bill 17-1026 to the Committee of the Whole. The motion failed on a vote of 2-3.
SECONDED:
		VOTE
	Court	Yes
	Fenberg	Yes
	Hill	No
	Sonnenberg	No
	Marble	No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL

BILL:	HB17-1026
TIME:	02:06:36 PM
MOVED:	Marble
MOTION:	Postpone House Bill 17-1026 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 3-2.
SECONDED:
		VOTE
	Court	No
	Fenberg	No
	Hill	Yes
	Sonnenberg	Yes
	Marble	Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS