HB 12-MORTGAGE LENDING AND LOAN ORIGINATORS                                                                       
                                                                                                                                
1:41:10 PM                                                                                                                    
CHAIR   COSTELLO    reconvened   the   meeting    and   announced                                                               
consideration of  HB 12. She  noted that the bill  was previously                                                               
heard on 1/28/2016 and public testimony is closed.                                                                              
                                                                                                                                
SENATOR GIESSEL  moved to adopt  the work draft  Senate committee                                                               
substitute (CS) for CSHB 12,  labeled 29-LS0089\N, as the working                                                               
document.                                                                                                                       
                                                                                                                                
CHAIR COSTELLO objected for discussion purposes.                                                                                
                                                                                                                                
WESTON EILER,  Staff to the  Senate Labor and  Commerce Committee                                                               
and Senator  Mia Costello, explained  that two  technical changes                                                               
appear  on page  8,  lines 2  and  4. They  change  the date  the                                                               
regulations take  effect and the  effective date of the  Act from                                                               
2016 to 2017.                                                                                                                   
                                                                                                                                
CHAIR  COSTELLO  removed her  objection  and  finding no  further                                                               
objection, version N was before the committee.                                                                                  
                                                                                                                                
SENATOR  GIESSEL  moved to  report  the  CS  for House  Bill  12,                                                               
labeled    29-LS0089\N,    from   committee    with    individual                                                               
recommendations and attached fiscal note(s).                                                                                    
                                                                                                                                
CHAIR COSTELLO announced that without  objection SCS CSHB 12(L&C)                                                               
is  reported   from  the  Senate  Labor   and  Commerce  Standing                                                               
Committee.