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Minutes for HB2568 - Committee on Financial Institutions and Rural Development
Short Title
Amending the Kansas mortgage business act by providing for mortgage business work at remote locations, license and registration renewal or reinstatement procedures, surety bond requirements and evidence of solvency and net worth and requiring notice when adding or closing branch offices.
Minutes Content for Mon, Jan 31, 2022
Chair Kelly opened the hearing on HB 2568, recognized David Wiese, Assistant Revisor, Office of Revisor of Statutes, who briefed the committee on the bill. (Attachment1)
Chair Kelly recognized Melissa Wangemann, General Counsel, Office of State Bank Commissioner, who provided some introductory information in support of HB 2568. (Attachment2), followed by Jim Payne, Director of Examinations / Assistant Deputy Commissioner, Office of State Bank Commissioner, who provided more in-depth information in support of HB 2568. (Attachment3) A question and answer period for personnel of the Office of State Bank Commissioner followed.
Chair Kelly recognized the following individuals who provided testimony in support of HB 2568: Luke Bell, Senior Manager, Government Reltions and Public Affairs, (Attachment4); Michael Stidham, Director, Regulatory Affairs, Rocket Mortgage, (Attachment5); and Kobie Pruitt, Director, State Government Affairs, Mortgage Bankers Association, (Attachment6). A question and answer period followed each conferee.
Neutral - None
Opposition - None
Chair Kelly closed the hearing on HB 2568.
The next House Financial Institutions and Rural Development Committee meeting is scheduled for Wednesday, February 2, 2022.
Chair Kelly adjourned the meeting at 9:50 am.
