Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

h_bus_2018a_2018-02-13t13:34:33z2 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1174

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
Date Feb 13, 2018      
Location LSB A



HB18-1174 - Amended, referred to House Finance


02:53:01 PM  
Representatives Arndt and Gray introduced
House Bill 18-1174. The bill continues the Mortgage Loan Originator Licensing
and Mortgage Company Registration Act in the Department of Regulatory Agencies
(DORA) — which is scheduled to repeal September 1, 2018 — for 11 years
through September 1, 2029.  The bill also implements the recommendations
from DORA's sunset review.  The committee took a brief recess.
02:56:15 PM  
The committee reconvened.
03:06:24 PM  

Representative Arndt distributed and explained amendment L.0002 [Attachment I].

03:07:23 PM  
Representative Gray discussed the bill.
03:08:22 PM  

Terry Jones, representing the Colorado Mortgage Lenders Association, testified regarding the bill.

03:13:17 PM  

Matthew Schultz, Firelight Mortgage and Colorado Mortgage Lenders Association, testified regarding the bill and amendment L.002 [Attachment I].

03:16:15 PM  

Cary Whitaker, Colorado Mortgage Lenders Association, testified in support of amendment L.002 [Attachment I] and the bill.

03:20:07 PM  

Jackie Dunlap, representing herself, testified regarding the bill.

03:22:56 PM  
Bill Kidwell, Impact mortgage Management Advocacy & Advisory
Group, testified regarding the bill and distributed a handout to the committee
[Attachment J].
03:27:16 PM  
Frank Sturgel, representing himself, testified regarding the sunset review process.
03:33:15 PM  

The committee discussed amendment L.002 [Attachment I].



03:34:11 PM
Motion Adopt amendment L.002
Moved Arndt
Seconded Gray
Arndt
Coleman
Garnett
Gray
Liston
Rosenthal
Sandridge
Sias
Thurlow
Van Winkle
Williams D.
Winter
Kraft-Tharp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:36:02 PM
Motion Refer House Bill 18-1174, as amended, to the Committee on Finance.
Moved Arndt
Seconded Gray
Arndt Yes
Coleman Yes
Garnett Yes
Gray Yes
Liston Yes
Rosenthal Yes
Sandridge Yes
Sias Yes
Thurlow Yes
Van Winkle Yes
Williams D. Yes
Winter Yes
Kraft-Tharp Yes
Final YES: 13   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses.  Details