Marcus Conklin
for Nevada
Press Releases
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Subcommittee to Discuss Mortgage Lending Proposals at August 4 Meeting
PRESS ADVISORY
July 1,2008
Legislators will discuss possible legislation to address
With
The Legislative Commission's Subcommittee to Study Mortgage Lending and Housing Issues will meet at the
Marcus Conklin (D-Las Vegas), who chairs the subcommittee, said that subcommittee members will discuss recommendations on a wide range of topics, including consumer counseling and education, renters facing evictions because of foreclosure, the licensing and oversight of those engaged in mortgage lending and consumer fraud.
The full agenda of the subcommittee meeting can be found on the legislative website at www.leg.state.nv.us.
WHAT: Work session of the Legislative Commission's Subcommittee to Study Mortgage Lending and Housing Issues to make legislative recommendations to address the foreclosure crisis
WHEN: Monday, August 4, 2008 9 a.m.
WHERE: Grant Sawyer State Office Building in
CONTACT FOR MORE INFORMATION:
Assemblyman Marcus Conklin
(702) 378-8658
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Pen and Pad Session Scheduled for Monday, March 26, on Democrats' Quality of Life Agenda
March 23, 2007
Legislation on affordable housing and protection from mercury contamination scheduled for hearings
CARSON CITY – On Monday, March 26, Democrats will hold a pen and pad session to discuss their quality of life agenda and several bills scheduled for hearing this week.
AB 439, a bill sponsored by Assemblyman Marcus Conklin (D-Las Vegas) to strengthen requirements that cities and counties must develop a master plan for affordable housing, will be heard in the Assembly Government Affairs Committee on Tuesday, March 27. Also on Tuesday, AB 269, a bill sponsored by Assembly Speaker Barbara Buckley (D-Las Vegas) to give tax credits to businesses that assist their employees in purchasing a home, will be heard in the Assembly Taxation Committee.
Legislation to protect Nevadans from potential emissions of mercury from mines will also be discussed at the pen and pad. AB 115, sponsored by Assemblywoman Sheila Leslie (D-Reno), will be heard in the Assembly Commerce and Labor Committee on Monday, March 26.
WHO: Speaker Barbara Buckley, Assistant Majority Leader Marcus Conklin, Majority Whip Sheila Leslie and Assemblywoman Marilyn Kirkpatrick
WHAT: Pen and pad session on Democrats' quality of life agenda, with discussion of bills on affordable housing and mercury emissions
WHEN: Monday, March 26, at 10:30 A.M.
WHERE: Speaker Buckley's office, Legislative Building, Carson City, NV
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CONTACT FOR MORE INFORMATION:
Assemblywoman Debbie Smith
775-684-8841
775-233-2905
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Mortgage Lending Consumer Protection Measures To Be Heard in Committee
FOR IMMEDIATE RELEASE
April 4, 2007
AB 329, AB 440 and AB 375 were discussed at the Pen and Pad session held on April 2 in Speaker Barbara Buckley's office.
A description of the bills follows:
AB 329—Assemblyman David Parks
Requires Commissioner of Financial Institutions to adopt regulations
for non-traditional mortgage loans
AB 440—Assemblyman Marcus Conklin
Creates the crime of mortgage lending fraud Applies unfair lending practice provisions to low-document, non-document, or stated-document loans
Establishes statutory guidelines for foreclosure consultants and
purchasers, including civil and criminal liability for violation of
these provisions
AB 375—Assemblyman John Oceguera
Requires the Commissioner of Mortgage Lending to adopt regulations establishing limitations on loans made to directors, officers, or employees
Prohibits the Commissioner from issuing or renewing a mortgage
broker's license if the applicant is exempt from licensing as a
broker-dealer
Requires the Commissioner to establish minimum financial conditions
investors must comply with in order to invest in private money loans
Mandates that a mortgage broker must receive the approval of all of the investors on a loan if the mortgage broker is assigning out his interest on a loan that is in default###
CONTACT FOR MORE INFORMATION:
775-684-8595
775-684-8505
