2007-04-20                     House Journal                      Page 0845
HB 162                                                                                                                        
The Labor & Commerce Committee considered:                                                                                      
                                                                                                                                
    HOUSE BILL NO. 162                                                                                                          
    "An Act relating to mortgage lenders, mortgage brokers, mortgage                                                            
    originators, state agents who collect program administration fees,                                                          
    and other persons who engage in activities relating to mortgage                                                             

2007-04-20                     House Journal                      Page 0846
    lending; relating to mortgage loan activities; relating to an                                                               
    originator fund; relating to fees for mortgage loan transactions;                                                           
    and providing for an effective date."                                                                                       
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 162(L&C)                                                                                              
    "An Act relating to mortgage lenders, mortgage brokers, mortgage                                                            
    originators, state agents who collect program administration fees,                                                          
    and other persons who engage in activities relating to mortgage                                                             
    lending; relating to mortgage loan activities; relating to an                                                               
    originator fund; relating to fees for mortgage loan transactions;                                                           
    making certain violations unfair trade practices; relating to                                                               
    persons who are licensed under the Alaska Small Loans Act; and                                                              
    providing for an effective date."                                                                                           
                                                                                                                                
The report was signed by Representative Olson, Chair, with the                                                                  
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (1):  Buch                                                                                                              
                                                                                                                                
No recommendation (5):  Gardner, LeDoux, Neuman, Ramras, Olson                                                                  
                                                                                                                                
The following fiscal note(s) apply to CSHB 162(L&C):                                                                            
                                                                                                                                
1. Zero, Dept. of Law                                                                                                           
2. Fiscal, Dept. of Administration                                                                                              
3. Fiscal, Dept. of Commerce, Community, & Economic Development                                                                 
                                                                                                                                
HB 162 was referred to the Finance Committee.