Legislature(2015 - 2016)BARNES 124

04/13/2015 03:15 PM LABOR & COMMERCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
*+ HB 12 MORTGAGE LENDING AND LOAN ORIGINATORS TELECONFERENCED
Heard & Held
*+ HB 169 RCA: RAILBELT ELECTRIC UTILITY REPORT TELECONFERENCED
Heard & Held
+= HB 66 INS. FOR DEPENDENTS OF DECEASED TEACHERS TELECONFERENCED
Heard & Held
-- Public Testimony --
*+ HB 122 CORPORATION/LLC/PARTNERSHIP REPORTS TELECONFERENCED
Heard & Held
           HB 12-MORTGAGE LENDING AND LOAN ORIGINATORS                                                                      
                                                                                                                                
4:03:38 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON  announced that  the next order  of business  would be                                                              
HOUSE  BILL  NO.  12,  "An  Act   relating  to  mortgage  lending,                                                              
mortgage  loan  originators,  depository  institutions,  nonprofit                                                              
organizations,   and   nonprofit   organization   employees;   and                                                              
providing for an effective date."                                                                                               
                                                                                                                                
4:04:14 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  TILTON  moved  to  adopt  the  proposed  committee                                                              
substitute  (CS)  for  HB  12,  Version  H,  labeled  29-LS0089\H,                                                              
Bannister, 4/10/15, as the working document.                                                                                    
                                                                                                                                
There being no objection, Version H was before the committee.                                                                   
                                                                                                                                
4:04:34 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  SHELLEY HUGHES, Alaska  State Legislature  offered                                                              
that HB 12 would  protect the public, update the  law, create more                                                              
level playing  field, and simplify  the process for  mortgage loan                                                              
originators  in  Alaska.  She  referred   to  the  flow  chart  in                                                              
members' packets  created by the  Division of Banking that  may be                                                              
helpful in  interpreting the  current process  as compared  to the                                                              
process  under  HB  12.   Under  current  statutes,  a  depository                                                              
institution  or a  bank and  each  of its  licensed mortgage  loan                                                              
originator  (MLOs)  employees  are  exempt  from  mortgage  lender                                                              
brokers'  licenses since  regulation of banks  fall under  federal                                                              
regulations.   However, if  the licensed  MLO does  not work  as a                                                              
direct employee  and instead  works as  a contractor, that  person                                                              
must not  only have a  license as MLO,  but also obtain  a license                                                              
as a  mortgage lender  broker.   She characterized  it as  being a                                                              
double-layer licensing policy.                                                                                                  
                                                                                                                                
4:07:02 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES  offered   her  belief  that  HB  12  would                                                              
eliminate  an  unnecessary   layer  of  licensure.     Instead  of                                                              
requiring the  contractor MLO [mortgage  loan originator]  to also                                                              
be licensed  as a  lender/broker and  a mortgage loan  originator,                                                              
the person will  simply be licensed as an MLO.   In addition, this                                                              
bill  also  would  give  the  state   supervisory  and  regulatory                                                              
authority over  banks.  For example,  HB 12 would allow  the state                                                              
to require  banks to  submit reports  and audits.   Currently,  if                                                              
the  bank  was  supervising  contractor  MLOs, the  bank  will  be                                                              
solely  under federal  regulation, but  under the  bill, the  bank                                                              
will need  to register  with the state.   Essentially,  this means                                                              
the contractor  MLOs would no  longer be supervising  themselves -                                                              
since previously they  were the MLO and the broker.   Instead, the                                                              
bank  will have  responsibilities  for  some of  the  supervision.                                                              
These changes will  allow the state to go to one  point - the bank                                                              
- for information  rather than to contact each  of the independent                                                              
contractors throughout the state.                                                                                               
                                                                                                                                
4:08:53 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES  directed  attention  to the  flowchart  in                                                              
members'  packets  entitled,  "Comparison  between  provisions  of                                                              
Federal SAFE  Act, the Alaska SAFE  Act, and Proposed HB  12 which                                                              
she briefly reviewed.                                                                                                           
                                                                                                                                
4:10:21 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES said  that HB  12 would  exempt the  Alaska                                                              
Housing  Finance  Corporation  (AHFC) and  any  government  agency                                                              
from the state  Mortgage Lender Broker license  requirements.  The                                                              
governmental agencies  would be responsible  to ensure  their MLOs                                                              
meet the standards with respect to the Federal SAFE Act.                                                                        
                                                                                                                                
4:11:04 PM                                                                                                                    
                                                                                                                                
KIMBERLY  SWIANTEK,  Staff,  Representative   Shelley  Hughes,  on                                                              
behalf  of  the  prime  sponsor,   Representative  Shelly  Hughes,                                                              
reviewed  the  proposed  committee  substitute  (CS)  for  HB  12,                                                              
Version  H.    She  said  that  Section  1  outlines  the  license                                                              
requirements   for  mortgage  loan   originators  and   would  add                                                              
language  that  individuals  can  be  licensed  as  mortgage  loan                                                              
originators  if  they  work  under an  exclusive  contract  for  a                                                              
registered  depository institution  as stated on  page 1,  line 11                                                              
or are sponsored by a registered depository institution.                                                                        
                                                                                                                                
MS. SWIANTEK  directed  attention to  page 2,  line 5, Section  2,                                                              
which  outlines  the  requirements  for  a  registered  depository                                                              
institution to be  eligible to sponsor a mortgage  loan originator                                                              
by adding  a  registered depository  institution (RDI)  throughout                                                              
this chapter creates  same requirements for mortgage  licensees or                                                              
brokers.                                                                                                                        
                                                                                                                                
MS.  SWIANTEK, referring  to page  3,  line 8,  Section 3,  stated                                                              
that this  provision would exempt  government agencies.   In doing                                                              
so, the  state would recognize them  under the SAFE  Act effective                                                              
August 30,  2011.  She noted  that this was limited  to government                                                              
agencies.   By exempting  the bona  fide nonprofit  organizations,                                                              
the  State of  Alaska would  be in  compliance with  the SAFE  Act                                                              
effective 8-30-2011, she said.                                                                                                  
                                                                                                                                
4:13:45 PM                                                                                                                    
                                                                                                                                
MS.  SWIANTEK directed  attention to  page 3,  Section 4-7,  which                                                              
includes  registered   depository   institutions  (RDI)   and  the                                                              
bonding requirements, which are the same for mortgage licensees.                                                                
                                                                                                                                
MS.  SWIANTEK stated  that Section  4,  line 12,  would require  a                                                              
registered  depository  applicant   to  have  a  surety  bond  and                                                              
Section 5,  [page 3], line 19, ensures  that an RDI does  not have                                                              
file more  than one  bond if  they cover  more than one  location.                                                              
Instead of  having 15  contractors applying for  a bond,  only one                                                              
will be filed,  she said.  Section  6, [page 3], line  23 required                                                              
the bond  must last for  three years Section  7 [page 3],  line 27                                                              
gives the  department the  authority to determine  if the  bond is                                                              
unsatisfactory.                                                                                                                 
                                                                                                                                
MS. SWIANTEK  directed  attention to  Section 8,  page 3, line  31                                                              
through page  4, line 13, which  would amend the  annual reporting                                                              
requirements  by requiring registered  depository institutions  to                                                              
follow  the  same  reporting  requirements   as  a  mortgage  loan                                                              
originator licensee  and be subject  to the same penalties  if the                                                              
report is not filed as required.                                                                                                
                                                                                                                                
4:15:24 PM                                                                                                                    
                                                                                                                                
MS.  SWIANTEK stated  that  Section 9-13  on  pages 4-5,  includes                                                              
registered  depository institutions  in the existing  requirements                                                              
for  managing  mortgage  records.   She  briefly  reviewed  these,                                                              
noting Section 9  would apply to business transactions  that occur                                                              
entirely  or partially  in the state.   Section  10 would  require                                                              
accounting records  be kept in accordance with  generally accepted                                                              
accounting  principles.   Section 11 would  require the  retention                                                              
of  all  records  pertaining  to  the  loan  including  electronic                                                              
correspondence  be  kept  for  three  years.    Section  12  would                                                              
require that the  note and associated documents be  kept for three                                                              
years.                                                                                                                          
                                                                                                                                
MS. SWIANTEK  directed attention to  Section 13, page 5,  line 11,                                                              
which would  require a mortgage loan  servicing agent who  acts on                                                              
behalf of  the licensee  or an RDI  maintain adequate  records for                                                              
three years.   She clarified that a mortgage loan  servicing agent                                                              
could be an accountant, legal counsel, or a collection agent.                                                                   
                                                                                                                                
4:16:31 PM                                                                                                                    
                                                                                                                                
MS. SWIANTEK  directed attention to  Section 14, page 5,  line 29,                                                              
which would  requires out-of-state  records  maintained by  an RDI                                                              
be made available to the state.                                                                                                 
                                                                                                                                
MS. SWIANTEK  referred to  Section 15  on page  6, line  10, which                                                              
would   grant  the   department   investigation  and   examination                                                              
authority.   Section  16  indicates that  a  "person" and  "person                                                              
subject  to   this  chapter"   include  a  registered   depository                                                              
institution, she said.                                                                                                          
                                                                                                                                
MS. SWIANTEK  referred  to Section  17, page 6,  line 25,  through                                                              
page   7,  line   16  which   would  allow   the  department   the                                                              
authorization  to   censure,  suspend,   or  bar  a   licensee  or                                                              
depository  institution   in  the   same  manner  as   a  mortgage                                                              
licensee.                                                                                                                       
                                                                                                                                
4:17:27 PM                                                                                                                    
                                                                                                                                
MS. SWIANTEK  referred to Section  18, page 7, lines  18-24, which                                                              
would allow  the department  to hold  administrative hearings  and                                                              
issue disciplinary orders on RDIs.                                                                                              
                                                                                                                                
MS. SWIANTEK  referred to Section  19, page 7, lines  25-27, which                                                              
would  add  definition  of a  registered  depository  institution.                                                              
Finally, Sections  20-22 would allow  the Department  of Commerce,                                                              
Community &  Economic Development  (DCCED) the authority  to adopt                                                              
regulations by  January 1,  2016, which is  the effective  date of                                                              
the bill.                                                                                                                       
                                                                                                                                
4:18:17 PM                                                                                                                    
                                                                                                                                
GINGER  BLAISDELL, Staff,  Representative  Shelley Hughes,  Alaska                                                              
State  Legislature, on  behalf of  the  prime sponsor,  introduced                                                              
herself.   In response  to a  question, she  agreed that  in every                                                              
section in the statutes that pertains to mortgage was modified.                                                                 
                                                                                                                                
4:18:57 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  COLVER asked  whether the  bill was responding  to                                                              
mortgage fraud and national regulation.                                                                                         
                                                                                                                                
MS. BLAISDELL  answered that  the 2008  was a nationwide  mortgage                                                              
lending  debacle,  which was  part  of  reason  the SAFE  Act  was                                                              
updated  and  finalized  in  2011.   This  bill  was  directed  at                                                              
resolving  business plans  or models  to level  the playing  field                                                              
between   other  mortgage   lender  brokers   and  mortgage   loan                                                              
originators (MLOs).                                                                                                             
                                                                                                                                
4:20:00 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE COLVER  asked whether  this bill was  directed more                                                              
at non-traditional lenders, such as insurance companies.                                                                        
                                                                                                                                
MS. BLAISDELL  answered that  the "level  playing field"  was more                                                              
of  an administrative  leveler.   People  who  are conducting  the                                                              
same  types of  business  will have  the  same  type of  licensure                                                              
requirement placed on  them.  She said that if this  bill does not                                                              
pass, any banks  in Alaska with independent contractors  can still                                                              
conduct business  and issue mortgages.   This bill would  make the                                                              
education and  license requirements the  same as others  doing the                                                              
same kind of business.                                                                                                          
                                                                                                                                
4:21:12 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON opened public testimony on HB 12.                                                                                   
                                                                                                                                
4:21:28 PM                                                                                                                    
                                                                                                                                
KRISTIE BABCOCK,  Agent,  State Farm Insurance,  spoke in  support                                                              
of HB 12,  stating she works  as independent contractor  for State                                                              
Farm  Insurance  in Kenai.    She  has  been  an agent  and  small                                                              
business  owner in  Kenai  for the  past 15  years  and has  eight                                                              
employees.   She markets insurance  and bank products  exclusively                                                              
on behalf of State Farm Insurance and State Farm Bank, she said.                                                                
                                                                                                                                
MS. BABCOCK stated  that as an originator she  handles the initial                                                              
application.   Banks  and their  employees are  exempt from  state                                                              
licensing since  they are federally regulated; however,  since she                                                              
serves as  an independent  contractor, she must  be licensed  as a                                                              
mortgage   loan  originator   and   broker.   The  mortgage   loan                                                              
originator  (MLO)  license  requires rigorous  state  and  federal                                                              
testing, background  check, fingerprinting, continuing  education,                                                              
and license renewal.   In fact, she has undergone  this process to                                                              
better serve  her customers and  provide more lending  options for                                                              
Alaska homeowners,  many of whom  have been longstanding  clients.                                                              
Although she does  not contest the MLO licensing  requirements nor                                                              
does  this  pertain to  MLO  licensing  requirements, HB  12  will                                                              
address an additional  license she currently must  possess.  Under                                                              
Alaska  law an MLO  must sponsored  and supervised  by a  mortgage                                                              
broker and  even though  banks are exempt  from having  a mortgage                                                              
broker license,  she must  be licensed  as mortgage broker,  which                                                              
means that  she must  sponsor and supervise  herself.   This makes                                                              
no sense, she said,  since she must supervise self,  plus she does                                                              
not  broker  any  loans.    This  requirement  causes  unnecessary                                                              
expense, was time  consuming, she said, estimating  that the extra                                                              
cost at $2,000 per  year for the broker license.   In addition, it                                                              
takes considerable  time  to file the  required quarterly,  annual                                                              
reporting,   filing,   as   well  as   meeting   other   reporting                                                              
requirements.                                                                                                                   
                                                                                                                                
MS. BABCOCK  described the bill as  a "win-win" solution  since it                                                              
will  remove  unnecessary  costs  and  burdens  for  MLOs  without                                                              
reducing  any  protections  associated  with  broker  supervision.                                                              
She stated  that HB  12 would  allow the  sponsoring bank,  in her                                                              
case State  Farm Bank, to step in  and register with the  state as                                                              
her   supervisor,   thereby   assuming    all   the   liabilities,                                                              
responsibilities,  and oversight  as if the  bank was her  broker.                                                              
She offered  that this makes more  sense since the bank  serves as                                                              
the  leader and  her  business is  the originator.    In fact,  it                                                              
provides  more oversight  than  if she  supervised  herself.   She                                                              
reported  that   26  other  states  have   licensing  requirements                                                              
similar to  the provisions in HB  12.  In closing,  she emphasized                                                              
that this bill would  not result in any less regulation  for MLOs.                                                              
Although a  similar bill  was before the  legislature in  2014, it                                                              
did not pass.  She asked members to pass out HB 12 today.                                                                       
                                                                                                                                
4:26:39 PM                                                                                                                    
                                                                                                                                
ROGER BAINBRIDGE,  Counsel,  State Farm Bank,  said he  represents                                                              
State  Farm  Bank as  their  in-house  counsel.   He  offered  his                                                              
belief  that Ms. Babcock  did a  fantastic job  of explaining  the                                                              
issues.   He  offered that  the Safe  Act did  not contemplate  an                                                              
independent contractor  working on behalf of an  exempt depository                                                              
institution.    He  echoed  that  26  other  states  have  adopted                                                              
legislation   or   otherwise   provided  State   Farm   Bank   the                                                              
opportunity to register  an exempt company solely  for the purpose                                                              
of  sponsoring its  MLO state  licensed  agents.   He pointed  out                                                              
that State  Farm Bank was already  regulated by the Office  of the                                                              
Comptroller   of  the   Currency   and  the   Consumer   Financial                                                              
Protection  Bureau.  He  suggested that  bringing in the  Division                                                              
of Banking  for loans originated  by the MLO license  agents gives                                                              
the sense  of dual  and layered supervision  and examination  that                                                              
these loans  originated by MLO licensed  agents will receive.   He                                                              
asked members to support HB 12.                                                                                                 
                                                                                                                                
4:28:33 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON asked  whether the 26 states previously  mentioned had                                                              
adopted model legislation to address this issue.                                                                                
                                                                                                                                
MR. BAINBRIDGE  answered no.   He  said that  State Farm  has been                                                              
working on  these issues  with other states  and will  continue to                                                              
do so with the remaining states on similar licensing issues.                                                                    
                                                                                                                                
4:28:58 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON asked  whether the legislation that was  passed in the                                                              
other 26 states  was the same or if State Farm  Bank has "tweaked"                                                              
the solution.                                                                                                                   
                                                                                                                                
MR. BAINBRIDGE  answered that the  remedy has varied based  on the                                                              
concerns of  the banking  department in  individual states.   Some                                                              
states  wanted  their   statutes  to  be  very   specific  to  the                                                              
particular business  model and other  states preferred  to address                                                              
the issue  more broadly  so that it  doesn't limit the  provisions                                                              
to one  insurance company.   He characterized the  Alaska proposal                                                              
as  one  that takes  a  broad  and  less specific  approach.    He                                                              
suggested  that the  specific remedy  really depends  on what  the                                                              
banking division or  department will support.  He  said that State                                                              
Farm Bank has  worked closely with the Alaska  Division of Banking                                                              
for  the  past several  years,  noting  that  approximately  16-17                                                              
State  Farm licensed  agents work  in  Alaska and  they have  held                                                              
several  examinations   of  those  offices.    He   described  his                                                              
relationship  with  the  Division  of  Banking  as  being  a  good                                                              
working relationship,  that the  division understands  the state's                                                              
business  model,  including  how agents  function,  their  limited                                                              
origination  activities, and how  that transfers  to the  bank and                                                              
its employees, who  are federally registered to  process and close                                                              
loans.                                                                                                                          
                                                                                                                                
4:30:41 PM                                                                                                                    
                                                                                                                                
JOHN CARMAN,  President, Home  State Mortgage, Chair;  Legislative                                                              
Affairs  Committee, Alaska  Mortgage  Bankers Association,  stated                                                              
he has held many  conversations with the sponsor  and was grateful                                                              
for the communication.   This bill was first introduced  last year                                                              
and he  indicated was not  totally in favor  of this bill  nor was                                                              
he in agreement  with the characterization  thus far.   He related                                                              
his  understanding that  other testifiers  characterized the  bill                                                              
as  creating a  level-playing  field;  however, he  suggested  the                                                              
bill as  creating a "remodeled"  playing field to  accommodate the                                                              
State  Farm Bank  model.  He  said that  the State  Farm Bank  has                                                              
"non-employees"  that they are  sponsoring.   He agreed  that when                                                              
First National  Bank  has an employee  of the  bank that  separate                                                              
registration requirements  do not apply,  but the State  Farm Bank                                                              
model   uses   independent  contractors   working   primarily   as                                                              
insurance agents  who originate a  loan.  However, he  offered his                                                              
belief that these  independent contractors simply  refer the loans                                                              
to State  Farm Bank for origination.   He acknowledged  that under                                                              
this  bank  model   the  bank  is  very  limited   and  only  does                                                              
conventional  loans with a  fixed rate  with some adjustable  rate                                                              
mortgages  and for  example, they  do  not process  all the  other                                                              
loans,  such  as  FHA [Federal  Housing  Administration],  VA  [US                                                              
Department  of  Veterans'  Affairs,   or  [AHFC],  Alaska  Housing                                                              
Finance Corporation loans.   He said it does concern  him that him                                                              
if the  agents don't do  those loans or  have them available  that                                                              
they may  not be  giving their  clients the  best advice  in every                                                              
situation.                                                                                                                      
                                                                                                                                
4:33:15 PM                                                                                                                    
                                                                                                                                
MR.  CARMAN admitted  that  under the  current  model [State  Farm                                                              
Bank]  forms  a  brokerage  and  employ  themselves  as  the  only                                                              
employee of  the brokerage.   He said he  has talked to  Ms. Kevin                                                              
Anselm  [Operations Manager,  Division  of  Banking &  Securities,                                                              
Department  of  Commerce, Community,  and  Economic  Development],                                                              
who  agreed that  it would  make  the division's  job to  regulate                                                              
these  companies easier  by changing  to this  model; however,  he                                                              
still has a hard  time fully supporting the model.   He guessed it                                                              
was an improvement over the existing situation.                                                                                 
                                                                                                                                
4:33:59 PM                                                                                                                    
                                                                                                                                
MICHAEL  MARTIN,   Executive  Vice  President,   General  Counsel,                                                              
Northrim  Bank,  stated he  has  an  affiliation with  the  Alaska                                                              
Bankers   Association.     He  noted  that   the  Alaska   Bankers                                                              
Association sent  a letter dated  April 10, 2015 in  opposition to                                                              
HB 12.  He has  reviewed the recent version [Version  H] of HB 12.                                                              
He  very much  appreciated  the  division's exhibits,  which  were                                                              
very helpful.   He  noticed the original  version would  eliminate                                                              
the  proposed nonprofit  entities from  the licensing  requirement                                                              
for mortgage loan  originators.  He said it was  one of provisions                                                              
the Alaska Bankers  Association opposed.  He appreciated  that the                                                              
language has been removed.                                                                                                      
                                                                                                                                
4:35:26 PM                                                                                                                    
                                                                                                                                
MR.  MARTIN   directed  attention  to  background   materials  [in                                                              
members'  packets],   which  better  illustrated   the  regulatory                                                              
environment if  HB 12 were  to pass.   He admitted that  he hasn't                                                              
fully  digested the  proposed committee  substitute.   The  Alaska                                                              
Bankers  Association will  convene on  Friday, he  said, and  will                                                              
review the bill.   He expressed concern with the  original version                                                              
was the  exemption for  nonprofits.   In addition,  the [ABA]  was                                                              
concerned notion of  level playing field was difficult  to define.                                                              
He expressed  concern that  some of the  MLOs would be  unlicensed                                                              
and   unregulated;  however,   these  materials   helped  him   to                                                              
understand.    This  has  been  characterized   as  making  things                                                              
simpler, but there  is nothing about this statute  or the proposed                                                              
changes in  HB 12  that he considered  simple.   In fact,  it will                                                              
take some time to wade through all of it.                                                                                       
                                                                                                                                
4:37:07 PM                                                                                                                    
                                                                                                                                
KEVIN   ANSELM,  Director,   Division   Banking  and   Securities,                                                              
Department   of  Commerce,   Community   &  Economic   Development                                                              
(DCCED),   in  response   to  Chair  Olson,   answered  that   the                                                              
department was neutral on HB 12.                                                                                                
                                                                                                                                
4:37:51 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  HUGHES thanked  for work  she did  to provide  the                                                              
graphic.    She  directed  attention   to  the  fiscal  note  that                                                              
mentioned  bona  fide nonprofit  provision  which  was removed  in                                                              
Version H.  She asked whether that was an oversight.                                                                            
                                                                                                                                
MS. ANSELM  agreed that the original  fiscal note was  prepared in                                                              
January and  the fiscal  note has not  been updated;  however, the                                                              
division does not believe there will be any fiscal impact.                                                                      
                                                                                                                                
4:39:06 PM                                                                                                                    
                                                                                                                                
MIKE  WILKINSON,  Agency  Field   Leader,  State  Farm  Insurance,                                                              
thanked members  for holding this  hearing.  He  expressed support                                                              
for  HB  12  since  it  allows  shifting   of  responsibility  and                                                              
oversight  required   of  licensed   mortgage  brokers   over  its                                                              
independent    contractor   mortgage    loan   originators    from                                                              
individuals  agents to  State Farm  Bank.  He  offered his  belief                                                              
that  the public  will be  better served  if State  Farm Bank  was                                                              
allowed  to   legally  assume   the  assurances,  oversight,   and                                                              
reporting requirements for mortgage broker licensing.                                                                           
                                                                                                                                
4:40:48 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON,  after first  determining no  one wished to  testify,                                                              
closed public testimony on HB 12.                                                                                               
                                                                                                                                
[HB 12 was held over.]                                                                                                          
                                                                                                                                
4:41:42 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 4:41 p.m. to 4:43 p.m.                                                                       
                                                                                                                                

Document Name Date/Time Subjects
HB169 ver A.PDF HL&C 4/13/2015 3:15:00 PM
HB 169
HB169 Sponsor Statement.pdf HL&C 4/13/2015 3:15:00 PM
HB 169
HB169 Fiscal Note-DCCED-RCA-04-13-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 169
HB12 ver A.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Sponsor Statement.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Section Analysis.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Flow Chart and Explanation 4-10-2015 (2).pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Allie Hewitt-3-25-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Curtis Green-3-24-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Doug McCann-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Justin Goodman-3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Kris Yoder-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Kristie Babcock-3-25-2015.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Nancy Field-3-24-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Randy Rhodes-3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Rueben Willis-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Shannon Fortune-3-24-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter State Farm Agents 3-9-2015.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter Troy Sayer 3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letters Tyler Randolph 3-26-2015.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-Letter-Todd Jackson-3-26-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-SAFE Act.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Supporting Documents-State Farm Corporation-Vote YES.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Opposing Documents-Email John Carman-3-31-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Opposing Documents-Letter AK Bankers Assoc-Joe Schierhorn-4-10-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Opposing Documents-Letter Alaska Bankers Assoc-Steve Lundgren 4-10-15.PDF HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Draft Proposed Blank CS ver H.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Sponsor Statement ver H.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB12 Section Analysis ver H.pdf HL&C 4/13/2015 3:15:00 PM
HB 12
HB122 ver A.pdf HL&C 4/13/2015 3:15:00 PM
HB 122
HB122 Sponsor Statement.pdf HL&C 4/13/2015 3:15:00 PM
HB 122
HB122 Sectional Analysis.pdf HL&C 4/13/2015 3:15:00 PM
HB 122
HB122 Fiscal Note-DCCED-CBPL-03-27-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 122
HB122 Supporting Documents-Letter NFIB 3-06-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 122
HB12 Fiscal Note-DCCED-DBS-04-11-15.pdf HL&C 4/13/2015 3:15:00 PM
HB 12