Legislature(2015 - 2016)BARNES 124
04/15/2015 03:15 PM House LABOR & COMMERCE
Note: the audio ![]()
and video ![]()
recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.
| Audio | Topic |
|---|---|
| Start | |
| HB12 | |
| HB159 | |
| HB185 | |
| SB71 | |
| SB47 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 12 | TELECONFERENCED | |
| += | SB 47 | TELECONFERENCED | |
| += | SB 71 | TELECONFERENCED | |
| *+ | HB 159 | TELECONFERENCED | |
| *+ | HB 185 | TELECONFERENCED | |
HB 12-MORTGAGE LENDING AND LOAN ORIGINATORS
4:47:40 PM
CHAIR OLSON announced that the first 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."
4:48:44 PM
GINGER BLAISDELL, Staff, Representative Shelley Hughes, Alaska
State Legislature, speaking on behalf of the sponsor of HB 12,
Representative Hughes, offered to give the 50,000 foot version
of this bill. By changing some of the state's statutes
regarding mortgage licensing, this bill will create an equal-
playing field for mortgage brokers, mortgage loan originators,
and a similar oversight to banks or registered depository
institutions.
4:49:21 PM
CHAIR OLSON said that this bill was originally opposed by the
Alaska Bankers Association, but the changes in the committee
substitute seemed to neutralize the opposition to the bill.
CHAIR OLSON, after first determining no one wished to testify,
closed public testimony on HB 12.
4:49:45 PM
REPRESENTATIVE TILTON moved the proposed committee substitute
(CS) for HB 12, labeled 29-LS0089\H, Bannister, 4/10/15 out of
committee with individual recommendations and the accompanying
fiscal notes. There being no objection, CSHB 12(L&C) was
reported from the House Labor and Commerce Standing Committee.
4:50:11 PM
The committee took an at-ease from 4:50 p.m. to 4:52 p.m.