Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 830
Relating to: registration requirements for loan originators, mortgage bankers and mortgage brokers, providing an exemption from emergency rule procedures, granting rule-making authority and providing a penalty.
By the Committee on Financial Institutions, by request of the Department of Financial Institutions.
February 25, 1998 Referred to committee on Financial Institutions.
February 25, 1998
PUBLIC HEARING HELD
Present: (14) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum and Murat.
Absent: (1) Representative Plale.
· Secretary Richard Dean, Department of Financial Institutions
· Michael Mack, Department of Financial Institutions
· James Hough, Wisconsin Mortgage Bankers Assoc.
· Jim Kopp, Wisconsin Mortgage Bankers Association
· None.
· None.
· Ken Martens, Wisconsin Mortgage Bankers Association
· Patrick Essie, Wisconsin Association of Mortgage Brokers
· Todd Langeness, Wisconsin Mortgage Brokers Assoc.
· Mark Person, M. Falls, WI
· Dave Anderson, Department of Financial Institutions
· None.
March 11, 1998
EXECUTIVE SESSION
Present: (15) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.
Absent: (0) None.
Moved by Representative Green, seconded by Representative Schafer, that
Assembly Bill 830
be recommended for passage.
Ayes: (15) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Schafer, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.
Noes: (0) None.
Absent: (0) None.
PASSAGE RECOMMENDED, Ayes 15, Noes 0, Absent 0
AKoerner
Committee Clerk