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.