Senate

Senate
Record of Committee Proceedings

Committee on Labor, Transportation and Financial Institutions

Assembly Bill 243

Relating to: priority of future advances under mortgages.

By Representatives Ward, Hoven, Kaufert, Albers, M. Lehman, Ziegelbauer, Ainsworth, Kelso, Ladwig, Hahn, Hanson, La Fave, Olsen, Sykora, Goetsch, Dobyns, Huber, Grothman, Brandemuehl and Powers; cosponsored by Senators Plache, Wineke, Rude, Welch and Moore.

June 11, 1997 Referred to committee on Labor, Transportation and Financial Institutions.

July 29, 1997 PUBLIC HEARING CANCELED

September 9, 1997 PUBLIC HEARING HELD

Present: (5) Senators Plache, C. Potter, Decker, Zien and Farrow.

Absent: (2) Senators Moore and Darling.

Appearances for

· Rep. David Ward, Author of AB 243

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· Tom Hauke, Wisconsin League of Financial Institutions

· Jenny Boese, Real Property, Probate and Trust Law Section of the State Bar of Wisconsin

· Amy Boyer, WI Mortgage Bankers Assn.

· Mike Vaughan, Wis Bankers

Registrations against

· None.

November 4, 1997 EXECUTIVE SESSION

Present: (7) Senators Plache, C. Potter, Moore, Decker, Zien, Darling and Farrow.

Absent: (0) None.

Moved by Senator Farrow, seconded by Senator Darling, that Assembly Bill 243

be recommended for concurrence.

Ayes: (7) Senators Plache, C. Potter, Moore, Decker, Zien, Darling and Farrow.

Noes: (0) None.

Absent: (0) None.

CONCURRENCE RECOMMENDED, Ayes 7, Noes 0, Absent 0

John G. Anderson

Committee Clerk