CS FOR SENATE BILL NO. 39(FIN)                                                                                                
                                                                                                                                
     "An Act  relating to loans  in an amount of  $25,000 or                                                                    
     less; relating  to financial institutions;  relating to                                                                    
     the   Nationwide   Multistate  Licensing   System   and                                                                    
     Registry; relating to  pawnbroker licensing exemptions;                                                                    
     relating  to  deferred  deposit advances;  relating  to                                                                    
     computing  interest;  and  providing for  an  effective                                                                    
     date."                                                                                                                     
                                                                                                                                
9:47:16 AM                                                                                                                    
                                                                                                                                
Co-Chair Foster OPENED public testimony.                                                                                        
                                                                                                                                
9:47:50 AM                                                                                                                    
                                                                                                                                
ANDREW   KUSHNER,   SENIOR   POLICY  COUNSEL,   CENTER   FOR                                                                    
RESPONSIBLE     LENDING,     OAKLAND,    CALIFORNIA     (via                                                                    
teleconference), spoke in support of the legislation.                                                                           
                                                                                                                                
9:51:36 AM                                                                                                                    
                                                                                                                                
TREVOR STORRS,  PRESIDENT AND CEO, ALASKA  CHILDREN'S TRUST,                                                                    
ANCHORAGE (via teleconference), supported the bill.                                                                             
                                                                                                                                
9:53:45 AM                                                                                                                    
                                                                                                                                
CLAIRE LUBKE, ECONOMIC JUSTICE  LEAD, ALASKA PUBLIC INTEREST                                                                    
RESEARCH  GROUP, ANCHORAGE  (via  teleconference), spoke  in                                                                    
support of the legislation.                                                                                                     
                                                                                                                                
9:57:04 AM                                                                                                                    
                                                                                                                                
Co-Chair  Foster noted  that  they could  take  up the  bill                                                                    
again at  1:30. He was  going to keep public  testimony open                                                                    
for now.                                                                                                                        
                                                                                                                                
SENATOR   FORREST  DUNBAR,   SPONSOR,   looked  forward   to                                                                    
returning later.                                                                                                                
                                                                                                                                
CSSB 39  (FIN) was HEARD  and HELD in committee  for further                                                                    
consideration.