6931293FF2C17C338725823300782E7A Hearing Summary CLICS/CLICS2018A/commsumm.nsf PUBLICBILL SUMMARY For HB18-1174HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABORDate Feb 13, 2018 Location LSB A HB18-1174 - Amended, referred to House Finance Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/7A63E9B5DEC9...$File/180213 AttachI.pdf?OpenElement 180213 AttachI.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/EB9EA91ED017...$File/180213 AttachJ.pdf?OpenElement 180213 AttachJ.pdf 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. 02:56:15 PM The committee reconvened. 03:06:24 PM Representative Arndt distributed and explained amendment L.0002 [Attachment I]. 03:07:23 PM Representative Gray discussed the bill. 03:08:22 PM Terry Jones, representing the Colorado Mortgage Lenders Association, testified regarding the bill. 03:13:17 PM Matthew Schultz, Firelight Mortgage and Colorado Mortgage Lenders Association, testified regarding the bill and amendment L.002 [Attachment I]. 03:16:15 PM Cary Whitaker, Colorado Mortgage Lenders Association, testified in support of amendment L.002 [Attachment I] and the bill. 03:20:07 PM Jackie Dunlap, representing herself, testified regarding the bill. 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]. 03:27:16 PM Frank Sturgel, representing himself, testified regarding the sunset review process. 03:33:15 PM The committee discussed amendment L.002 [Attachment I]. 03:34:11 PM Motion Adopt amendment L.002 Moved Arndt Seconded Gray Arndt Coleman Garnett Gray Liston Rosenthal Sandridge Sias Thurlow Van Winkle Williams D. Winter Kraft-Tharp YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:36:02 PM Motion Refer House Bill 18-1174, as amended, to the Committee on Finance. Moved Arndt Seconded Gray Arndt Yes Coleman Yes Garnett Yes Gray Yes Liston Yes Rosenthal Yes Sandridge Yes Sias Yes Thurlow Yes Van Winkle Yes Williams D. Yes Winter Yes Kraft-Tharp Yes Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS