Legislature(2019 - 2020)

2019-05-15 Senate Journal

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2019-05-15                     Senate Journal                      Page 1202
HB 104                                                                                                                        
CS FOR HOUSE BILL NO. 104(L&C) am "An Act relating to                                                                           
exemptions from mortgage lender, mortgage broker, and mortgage                                                                  
loan originator licensing requirements; and providing for an effective                                                          
date" was read the third time.                                                                                                  
                                                                                                                                
Senator Wielechowski moved the bill be returned to second reading                                                               
for the purpose of a specific amendment, that being Amendment                                                                   
No. 1. Without objection, the bill was returned to second reading.                                                              
                                                                                                                                
Senator Wielechowski offered Amendment No. 1:                                                                                   
                                                                                                                                
Page 2, line 31, following "purchaser":                                                                                     
     Insert "or potential purchaser"                                                                                        
                                                                                                                                
Page 3, line 1, following "loan;":                                                                                          
     Insert "the seller shall keep confidential and may not disclose                                                        
to another person at any time credit scores, salary information,                                                            
tax records, and other financial information of the purchaser or                                                            
potential purchaser obtained by the seller under this                                                                       
subparagraph for the purpose of determining whether the                                                                     

2019-05-15                     Senate Journal                      Page 1203
purchaser or potential purchaser has a reasonable ability to repay                                                          
the loan; however, the seller may disclose the financial                                                                    
information when, and only to the extent that,                                                                              
                        (i)  the purchaser or potential purchaser                                                           
              authorizes the disclosure in writing;                                                                         
                        (ii)  the seller makes the disclosure to obtain                                                     
              professional advice relating to a dispute with the                                                            
              purchaser or potential purchaser;                                                                             
                        (iii)  federal or state law requires the                                                            
              disclosure; or                                                                                                
                        (iv)  a court orders the disclosure;"                                                               
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 1.                                                                 
Senator Costello objected, then withdrew her objection. There being                                                             
no further objection, Amendment No. 1 was adopted.                                                                              
                                                                                                                                
CS FOR HOUSE BILL NO. 104(L&C) am S was automatically in                                                                        
third reading.                                                                                                                  
                                                                                                                                
Senators von Imhof, Birch moved and asked unanimous consent to be                                                               
shown as cross sponsors on the bill. Without objection, it was so                                                               
ordered.                                                                                                                        
                                                                                                                                
The question being: "Shall CS FOR HOUSE BILL NO. 104(L&C)                                                                       
am S "An Act relating to exemptions from mortgage lender, mortgage                                                              
broker, and mortgage loan originator licensing requirements; and                                                                
providing for an effective date" pass the Senate?" The roll was taken                                                           
with the following result:                                                                                                      
                                                                                                                                
CSHB 104(L&C) am S                                                                                                              
Third Reading - Final Passage                                                                                                   
Effective Dates                                                                                                                 
                                                                                                                                
YEAS:  18   NAYS:  0   EXCUSED:  0   ABSENT:  2                                                                               
                                                                                                                                
Yeas:  Begich, Birch, Bishop, Coghill, Costello, Giessel, Gray-                                                                 
Jackson, Hoffman, Kawasaki, Kiehl, Micciche, Olson, Reinbold,                                                                   
Stedman, Stevens, von Imhof, Wielechowski, Wilson                                                                               
                                                                                                                                
Absent:  Hughes, Shower                                                                                                         
                                                                                                                                
and so, CS FOR HOUSE BILL NO. 104(L&C) am S passed the                                                                          
Senate.                                                                                                                         
                                                                                                                                

2019-05-15                     Senate Journal                      Page 1204
Senator Costello moved and asked unanimous consent the vote on the                                                              
passage of the bill be considered the vote on the effective date clauses.                                                       
Without objection, it was so ordered and the bill was referred to the                                                           
Secretary for engrossment.