Assembly
Record of Committee Proceedings
Committee on Housing and Real Estate
Assembly Bill 720
Relating to: the redemption period and notice of sale applicable to a foreclosure action involving noncommercial property and procedures regarding abandoned property in a foreclosure action.
By Representatives Katsma, Allen, Craig, Gannon, Jarchow, Kremer and Macco; cosponsored by Senators Lasee and Stroebel.
January 15, 2016 Referred to Committee on Housing and Real Estate
February 02, 2016 Public Hearing Held
Present: (9) Representative Jagler; Representatives Allen, R. Brooks, Katsma, Murphy, Murtha, Young, Genrich and Stuck.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Rep. Terry Katsma - 26th District
· Jon Turk - WI Bankers Assoc.
· Heather MacKinnon - WI Bankers Assoc.
Appearances Against
· Gregg Hagopian - City of Milwaukee
· Vicky Selkowe - Legal Action of WI
· April Hartman - Legal Action of WI
Appearances for Information Only
· Heiher Giese - Apt. Assoc. of SE WI
· Cori Lamont - WI Realtors Assoc.
Registrations For
· George Klaetsch - WI Mortgage Bankers
· Sarah Wainscott - WI Credit Union League
· Sen. Frank Lasee
Registrations Against
· Curt Witynski - League of WI Municipalities
Registrations for Information Only
· None.
February 10, 2016 Executive Session Held
Present: (8) Representative Jagler; Representatives Allen, R. Brooks, Katsma, Murphy, Murtha, Genrich and Stuck.
Absent: (0) None.
Excused: (1) Representative Young.
Moved by Representative Katsma, seconded by Representative Murphy that Assembly Amendment 1 be recommended for adoption.
Ayes: (8) Representative Jagler; Representatives Allen, R. Brooks, Katsma, Murphy, Murtha, Genrich and Stuck.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 8, Noes 0
Moved by Representative Genrich, seconded by Representative Stuck that Assembly Amendment 2 be recommended for adoption.
Ayes: (2) Representatives Genrich and Stuck.
Noes: (6) Representative Jagler; Representatives Allen, R. Brooks, Katsma, Murphy and Murtha.
ASSEMBLY AMENDMENT 2 ADOPTION NOT RECOMMENDED, Ayes 2, Noes 6
Moved by Representative Genrich, seconded by Representative Stuck that Assembly Amendment 3 be recommended for adoption.
Ayes: (2) Representatives Genrich and Stuck.
Noes: (6) Representative Jagler; Representatives Allen, R. Brooks, Katsma, Murphy and Murtha.
ASSEMBLY AMENDMENT 3 ADOPTION NOT RECOMMENDED, Ayes 2, Noes 6
Moved by Representative Katsma, seconded by Representative Brooks that Assembly Bill 720 be recommended for passage as amended.
Ayes: (6) Representative Jagler; Representatives Allen, R. Brooks, Katsma, Murphy and Murtha.
Noes: (2) Representatives Genrich and Stuck.
PASSAGE AS AMENDED RECOMMENDED, Ayes 6, Noes 2
______________________________
Charlie Bellin
Committee Clerk
