Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 371

Relating to: mortgage satisfaction and an exception to the real estate transfer fee.

By Representatives Stroebel, Bernier, Nygren, A. Ott, Kooyenga, Doyle, Jacque and Thiesfeldt; cosponsored by Senators Harsdorf and Shilling.

September 17, 02013  Referred to Committee on Financial Institutions

September 26, 2013    Public Hearing Held

Present:       (13)      Representative Craig; Representatives Kapenga, Sanfelippo, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young, Richards, Genrich and Sargent.

Absent:       (0)        None.

Excused:     (2)        Representatives Stroebel and Kramer.

Appearances For

·      Craig Haskins - Wisconsin Land Title Association

·      Cheri Hipenbecker - Wisconsin Land Title Association

·      John Soper - Office of State Representative Duey Stroebel

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Pete Christianson - Wisconsin Land Title Association

·      Sen. Sheila Harsdorf - Wisconsin State Senate

·      George Klaetsch - Wisconsin Mortgage Bankers Association

·      Tom Larson - Wisconsin Realtors Association

·      Daryll Lund - Community Bankers of Wisconsin

·      Mary Jo Radowicz - Wisconsin Land Title Assciation

Registrations Against

·      None.

Registrations for Information Only

·      None.

October 01, 2013        Executive Session Held

Present:       (13)      Representative Craig; Representatives Kapenga, Stroebel, Sanfelippo, Kramer, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young and Genrich.

Absent:       (0)        None.

Excused:     (2)        Representatives Richards and Sargent.

Moved by Representative Kaufert, seconded by Representative Weininger that Assembly Bill 371 be recommended for passage.

Ayes:     (13)   Representative Craig; Representatives Kapenga, Stroebel, Sanfelippo, Kramer, Kaufert, Marklein, Weininger, Born, Hintz, Zepnick, Young and Genrich.

Noes:     (0)     None.

Absent:  (2)     Representatives Richards and Sargent.

PASSAGE RECOMMENDED, Ayes 13, Noes 0

______________________________

Nathan Schacht

Committee Clerk