LEGISLATIVE REPORT January 12, 2001

Click here for a List of Bills

The following report has been developed to keep MIB membership informed of legislative actions during the Session.  This report will track current activities on MIB priority measures and will compliment the Legislative Status reports that are produced on a weekly basis.  If you have questions on particular bills, please call our office for an update or explanation of legislation as it moves through the legislative process.

The first several days of the session have been taken up with legislator education sessions and organizational matters.  The first hearings on bills began this week and included several bills we are involved with.

Senate Bill #106:  Requires certain commercial loan agreements to be written for enforcement.  This bill was heard in the Senate Business and Labor Committee on January 9, 2001.  There were no opponents at the hearing.  The bill has been drafted to apply to regulated lenders and commercial loans in excess of $100,000.  On January 11, 2001 the Committee approved the bill without amendment or dissenting vote.  The bill could be on second reading in the full Senate at the end of the week.