House of Representatives
State of Utah
February 11, 2014
Madam Speaker:
The Business and Labor Committee reports a favorable recommendation on H.B. 42,
CONSTRUCTION LIENS AMENDMENTS, by Representative R. C. Webb, with the following
amendments:
1. Page
4, Lines 90 through 94
:
90
[(8)] (9) "Construction loan" does not include
a loan that:
91
(a) (i) is
}
a consumer loan
; and
92
(ii) is
}
secured by the equity in the consumer's home
[
}
.
{
]
}
{
; or
93
(b) is not a bona fide loan.
}
Respectfully,
James A. Dunnigan
Committee Chair
Voting: 12-0-4
3 HB0042.HC2.wpd 2/11/14 4:55 pm bhowe/BRH CRG/TAS