2007-04-27                     Senate Journal                      Page 0964
SB 102                                                                                                                        
The Labor and Commerce Committee considered SENATE BILL NO.                                                                     
102 "An Act relating to mortgage lenders, mortgage brokers, mortgage                                                            
originators, state agents who collect program administration fees, and                                                          

2007-04-27                     Senate Journal                      Page 0965
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; and providing for an                                                           
effective date" and recommended it be replaced with                                                                             
                                                                                                                                
          CS FOR SENATE BILL NO. 102(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."                                                                                                      
                                                                                                                                
Signing do pass: Senator Ellis, Chair. Signing no recommendation:                                                               
Senator Stevens. Signing amend: Senator Davis.                                                                                  
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, Department of Administration                                                                                
 Fiscal Note No. 2, zero, Department of Law                                                                                     
 Fiscal Note No. 3, Department of Commerce, Community and                                                                       
      Economic Development                                                                                                      
                                                                                                                                
The bill was referred to the Finance Committee.