Senate Bills 622, 969, 975 and House Bills 1124, 1128

Committee Meeting

Tuesday, June 4, 2013
10 a.m.
Room 461 Main Capitol Building

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SB622  (Ward) – Establishes the Debt Settlement Services Act which would provide the Department of Banking the framework to regulate, license, and investigate debt settlement companies
SB622 Bill Summary

SB969  (White) – Provides for the maintenance of a risk management framework and completion of an Own Risk and Solvency Assessment (ORSA)
SB969 Bill Summary
A01708 technical changes, enhancement of confidentiality provision
A01708 Summary
– adds language relating to electronic delivery and posting of information
A01775 Summary

HB1124  (Scavello) – Updates the Mortgage Licensing Act and complies with new HUD regulations
HB1124 Bill Summary
*An amendment may be offered on HB1124, in which case, I will send it as soon as possible
A01794 – provides for affiliates of bank holding companies by altering the definition of “mortgage loan originator”
A01794 Summary

HB1128  (Ross) – Codifies and modernizes provisions of the Motor Vehicle Sales Finance Act and the Goods and Services Installment Sales Act
HB1128 Bill Summary

SB975  (Browne) – Establishes a micro-loan program to provide consumers access to short term lending products
SB975 Bill Summary