MINUTES OF THE

ASSEMBLY SUBCommittee on Commerce and Labor

Seventieth Session

March 11, 1999

 

The Subcommittee on Commerce and Labor was called to order at 3:05 p.m., on Thursday, March 11, 1999. Chairman David Goldwater presided in Room 3142 of the Legislative Building, Carson City, Nevada. Exhibit A is the Agenda. Exhibit B is the Guest List. All Exhibits are available and on file at the Research Library of the Legislative Counsel Bureau.

 

SUBCOMMITTEE MEMBERS PRESENT:

Mr. David Goldwater, Chairman

Ms. Merle Berman

 

GUEST LEGISLATORS PRESENT:

None

STAFF MEMBERS PRESENT:

Kevin Powers, Committee Legal Advisor

Jane Baughman, Committee Secretary

OTHERS PRESENT:

Robert Barengo, Nevada Consumer Finance Association

Russell Best, Home Financial Mortgage

Henry Butler, Attorney

Marty LeVasseur, Nevada Association of Mortgage Brokers

John Kiernan, Northern Nevada Title

John F. Royce, Royal Capital

Jerry Miller, Stewart Title Guaranty Company

Don Polly, Western Title Company, Inc.

 

 

 

Assembly Bill 64: Revises provisions relating to mortgage companies and loans secured by liens on real property. (BDR 54-1204)

The subcommittee reviewed the proposed amendments (Exhibit C) and made recommendations that would be reviewed by the full Assembly Committee on Commerce and Labor.

 

Mr. Russell Best, Home Financial Mortgage presented the subcommittee with a set of recommendations on the bill. (Exhibit D).

Assembly Bill 72: Subjects certain transactions involving mortgage companies and notes secured by liens on real property to laws regulating securities. (BDR 7-1203)

A.B. 72 was not heard.

 

With no further business before the subcommittee, the meeting was adjourned at 5:20 p.m.

 

 

RESPECTFULLY SUBMITTED:

 

 

Jane Baughman,

Committee Secretary

 

APPROVED BY:

 

 

Assemblywoman Barbara Buckley, Chairman

 

DATE: