Senate
Record of Committee Proceedings
Committee on Revenue, Financial Institutions and Rural Issues
Senate Bill 507
Relating to: nonprobate transfers of real estate, the transfer by affidavit procedure for small estates, and the payoff amount in a mortgage payoff statement.
By Senators Lasee and Olsen; cosponsored by Representatives Ballweg, Summerfield, Katsma, Horlacher, Murphy and Kulp.
November 06, 2017 Referred to Committee on Revenue, Financial Institutions and Rural Issues
February 07, 2018 Public Hearing Held
Present: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Rep. Joan Ballweg - 41st Assembly District
· Cheri Hipenbecker - WI Land Title Assoc.
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Sen. Luther Olsen - 14th Senate District
· Rep. Rob Summerfield - 67th Assembly District
· Cale Battles - State Bar of WI
· Bob Welch - WI Land Title Assoc.
Registrations Against
· None.
Registrations for Information Only
· None.
February 08, 2018 Executive Session Held
Present: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Absent: (0) None.
Excused: (0) None.
Moved by Senator LeMahieu, seconded by Senator Tiffany that Senate Amendment 1 be recommended for adoption.
Ayes: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by Senator LeMahieu, seconded by Senator Tiffany that Senate Amendment 2 be recommended for adoption.
Ayes: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Noes: (0) None.
SENATE AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by Senator LeMahieu, seconded by Senator Tiffany that Senate Bill 507 be recommended for passage as amended.
Ayes: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0
______________________________
Vincent Williams
Committee Clerk
