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s_blt_2016a_2016-03-29t10:44:54z1 Hearing Summary

Date: 03/29/2016



Final

BILL SUMMARY for HB16-1306



SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY


Votes: View--> Action Taken:
Adopt conceptual amendment to amend the reengrosse

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

PASS







10:56 AM -- HB 16-1306



Senator Holbert introduced House Bill 16-1306, concerning mortgage loan originators. The bill amends, relocates, and 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.



11:00 AM --
Cary Whitaker, Colorado Mortgage Lenders Association, spoke in support of the bill. He responded to questions from the committee.



11:10 AM --
Jayne Bail, Colorado Association of Mortgage Professionals, spoke in opposition to the bill. She responded to questions from the committee.



11:25 AM --
Marcia Waters, Division of Real Estate, spoke in favor of the bill. She discussed previous testimony heard by the committee.



11:34 AM --
Duane Gall, Office of Legislative Legal Services, responded to questions from the committee.


BILL: HB16-1306
TIME: 11:36:42 AM
MOVED: Newell
MOTION: Adopt conceptual amendment to amend the reengrossed bill, page 3, line 27, strike "AND" and substitute "OR." The motion passed without objection.
SECONDED:
VOTE
Baumgardner
Heath
Hodge
Jahn
Neville T.
Newell
Tate
Woods
Holbert
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection









11:38 AM



Senator Holbert made closing comments on the merits of the bill.


BILL: HB16-1306
TIME: 11:40:48 AM
MOVED: Holbert
MOTION: Refer House Bill 16-1306, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 9-0.
SECONDED:
VOTE
Baumgardner
Yes
Heath
Yes
Hodge
Yes
Jahn
Yes
Neville T.
Yes
Newell
Yes
Tate
Yes
Woods
Yes
Holbert
Yes
Final YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS











11:41 AM



The committee adjourned.




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