Senate
Record of Committee Proceedings
Committee on Insurance and Housing
Senate Bill 534
Relating to: the regulation of mortgage loan originators, mortgage brokers, and mortgage bankers.
By Senators Lasee and Schultz; cosponsored by Representatives Weininger, Craig, Sanfelippo, Kahl, Steineke, Richards, Murphy, Goyke, Knodl and Ballweg.
January 30, 2014 Referred to Committee on Insurance and Housing
February 12, 2014 Public Hearing Held
Present: (5) Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Frank Lasee - Senator - First Senate District
· Ray Allen - Department of Financial Institutions
· Tom Larson - Wisconsin Realtors Association
· Roger Bainbridge - State Farm
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· David Craig - Representative - 83rd Assy District
· Ross Kinzler - Wisconsin Housing Alliance
· Nathan Schacht - Office of Representative Craig
Registrations Against
· None.
Registrations for Information Only
· None.
February 12, 2014 Executive Session Held
Present: (5) Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.
Absent: (0) None.
Excused: (0) None.
Moved by Senator Schultz, seconded by Senator Erpenbach that Senate Amendment 1 be recommended for adoption.
Ayes: (5) Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by Senator Schultz, seconded by Senator Erpenbach that Senate Bill 534 be recommended for passage as amended.
Ayes: (5) Senator Lasee; Senators Olsen, Schultz, T. Cullen and Erpenbach.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0
______________________________
Robert Kovach
Committee Clerk
