Senate
Record of Committee Proceedings
Committee on Financial Institutions and Sporting Heritage
Senate Bill 315
Relating to: the minimum net worth requirement for licensed mortgage brokers.
By Senators Stafsholt and Kapenga; cosponsored by Representatives Brooks, Franklin, Goodwin, Green, Knodl, Kreibich, O'Connor and Piwowarczyk.
June 06, 2025 Referred to Committee on Financial Institutions and Sporting Heritage
September 16, 2025 Public Hearing Held
Present: (5) Senator Stafsholt; Senators Jagler, Testin, Dassler-Alfheim and Habush Sinykin.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Senator Rob Stafsholt - 10th SD
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Representative Rob Brooks - 59th AD
· Nick MacCudden - Majesty Mortgage
Registrations Against
· None.
Registrations for Information Only
· None.
September 23, 2025 Executive Session Held by Paper Ballot
Present: (5) Senator Stafsholt; Senators Jagler, Testin, Dassler-Alfheim and Habush Sinykin.
Absent: (0) None.
Excused: (0) None.
Moved that Senate Bill 315 be recommended for passage.
Ayes: (3) Senator Stafsholt; Senators Jagler and Testin.
Noes: (2) Senators Dassler-Alfheim and Habush Sinykin.
PASSAGE RECOMMENDED, Ayes 3, Noes 2
______________________________
Sharlene Konkel
Committee Clerk
