Senate
Record of Committee Proceedings

Committee on Labor, Transportation and 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.

March 19, 1998 Referred to committee on Labor, Transportation and Financial Institutions.

March 24, 1998
PUBLIC HEARING HELD


Present: (6) Senators Plache, Moore, Decker, Zien, Darling and Farrow.
Absent: (0) None.

Appearances for
· Richard Dean, Secretary of Dept. of Financial Institutions
· Michael Mach, DFI
· James E. Hough, Wis. Mortgage Bankers Assoc. (WMBA)

Appearances against
· None.

Appearances for Information Only
· None.

Registrations for
· Rep. David Ward
· Richard Hanson, Commonweal Mortgage
· Kevin Koehn, Commonweal Mortgage Co.

Registrations against
· None.

March 24, 1998
EXECUTIVE SESSION


Present: (6) Senators Plache, Moore, Decker, Zien, Darling and Farrow.
Absent: (0) None.

Moved by Senator Farrow, seconded by Senator Decker, that
Assembly Bill 830
be recommended for concurrence.

Ayes: (6) Senators Plache, Moore, Decker, Zien, Darling and Farrow.
Noes: (0) None.
Absent: (0) None.

CONCURRENCE RECOMMENDED, Ayes 6, Noes 0, Absent 0





John G. Anderson
Committee Clerk
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