Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Commerce and Labor

THIRTIETH MEETING

2007-2008 Regular Session - March 17, 2008

STATE OF MINNESOTA THIRTIETH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FIFTH SESSION

COMMITTEE ON COMMERCE AND LABOR

MINUTES


Representative Joe Atkins, Chair of the Commerce and Labor Committee, called the meeting to order at 4:10 P.M. on March 17, 2008, in Room 500 South of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

ATKINS, Joe (Chair)
LILLIE, Leon (Vice-Chair)
MULLERY, Joe
MAHONEY, Tim
DAVNIE, Jim
JOHNSON, Sheldon
PETERSON, Aaron
ANZELC, Tom
DOMINGUEZ, Augustine
KNUTH, Kate
TILLBERRY, Tom
ZELLERS, Kurt
PAULSEN, Erik
DeLaFOREST, Chris
SIMPSON, Dean
ANDERSON, Sarah
BERNS, John

No members were excused or absent.

A quorum was present.

Representative Anzelc moved that the minutes of March 14, 2008 be adopted. THE MOTION PREVAILED.


HF 3774 (Dominguez) Minnesota Residential Mortgage Originator and Servicer Licensing Act application clarified, and insurer investment authority clarified

Representative Dominguez moved HF 3774.

Representative Dominguez moved the A08-1406 amendment. THE AMENDMENT WAS ADOPTED.

The following people testified on HF 3774:

Representative Augustine Dominguez
Kevin Murphy, MN Department of Commerce

Representative Dominguez moved that HF 3774, as amended, be recommended to pass. THE MOTION PREVAILED.

HF 3612 (Davnie) Minnesota Subprime Foreclosure Deferment Act of 2008 provisions provided

Representative Davnie moved HF 3612.

The following people testified on HF 3612:

Representative Jim Davnie
Prentiss Cox, University of Minnesota Law School
Al Yguneus, citizen
Joe Witt, MN Bankers Association


Representative Lillie assumed the gavel at 4:27 p.m.


Pat Martyn, MN Mortgage Association


Representative Atkins assumed the gavel at 5:04 p.m.


Tom Deutsch, American Securitization Forum

Representative Davnie moved the H3612A2 amendment.

Representative Davnie moved to orally amend the H3612A2 amendment as follows:
Page 1, Line 1, after "3612" insert ", the First Committee Engrossment,". THE AMENDMENT TO THE AMENDMENT WAS ADOPTED.

Representative Davnie moved the H3612A2 amendment, as amended. THE AMENDMENT WAS ADOPTED.

Representative Davnie moved to orally amend HF 3612 as follows:
Page 4, Line 15, after "originated." insert “For purposes of this subdivision, payment means principle and interest." THE AMENDMENT WAS ADOPTED.

Representative Davnie moved that HF 3612, as amended, be recommended to pass and re-referred to the Committee on Public Safety and Civil Justice. THE MOTION PREVAILED.


Representative Lillie assumed the gavel at 5:46 p.m.


HF 3783 (Atkins) Insurance fees, coverages, contracts, filings, and forms regulated, financial planners, real estate appraisers, domestic mutual insurance companies, and collection agencies regulated, and technical and clarifying changes made

Representative Atkins moved HF 3783.

Representative Atkins moved the A08-1405 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the A08-1426 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the A08-1436 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the H3783A3 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the A08-1434 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the A08-1429 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the A08-1428 amendment. THE AMENDMENT WAS ADOPTED.

Representative Tillberry moved the H3783A6 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the H3783A1 amendment. THE AMENDMENT WAS ADOPTED.

Representative Atkins moved the H3783A2 amendment. THE AMENDMENT WAS ADOPTED.

The following people testified on HF 3783:

Representative Joe Atkins
Manny Munson-Regan, MN Department of Commerce
John Gross, MN Department of Commerce
Peter Thrane, Leonard, Street and Deinard
Andrew Morrison, Koll, Morrison, Charpentier & Hagstrom

Representative Atkins moved that HF 3783, as amended, be recommended to pass. THE MOTION PREVAILED.


Representative Atkins moved to reconsider HF 3229, as amended. THE MOTION PREVAILED.

Representative Atkins moved that HF 3229, as amended, be recommended to pass and re-referred to the Committee on Finance. THE MOTION PREVAILED.


The meeting was adjourned at 6:07 P.M.



Rep. Joe Atkins, Chair


Christopher Kwapick, Committee Legislative Asst.
More Info On This Meeting..

HF3783/SF3467 (Atkins) Insurance fees, coverages, contracts, filings, and forms regulated, financial planners, real estate appraisers, domestic mutual insurance companies, and collection agencies regulated, and technical and clarifying changes made
HF3774/SF3214 (Dominguez) Minnesota Residential Mortgage Originator and Servicer Licensing Act application clarified, and insurer investment authority clarified
HF 3612/SF3396 (Davnie) Minnesota Subprime Foreclosure Deferment Act of 2008 provisions provided