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STANDING COMMITTEE
TUESDAY, JANUARY 23, 2007, 3:30 P.M.
ROOM W015, WEST OFFICE BUILDING
STATE CAPITOL COMPLEX
Sen. Dan Eastman Sen. Carlene Walker
Sen. Ed Mayne
Members Excused: Sen. Bill Hickman
Sen. Gene Davis
Members Absent: Sen.Wayne Niederhauser
Staff Present: Allison Nicholson, Policy Analyst
Karen Allred, Committee Secretary
Public Speakers Present: Kevin Olsen, Director, Division of Consumer Protection
Howard Headley, President, Utah Bankers Association
Rich Thorn, President, Association of General Contractors
A list of visitors and a copy of handouts are filed with the committee minutes.
Chair VanTassell called the meeting to order at 3:34 p.m. and announced that S.J.R. 6 would not be considered today.
Approval of Minutes
MOTION: Sen. Walker moved to approve the minutes of the January 22, 2007 meeting.
The motion passed unanimously with Sens. Eastman and Mayne absent for the vote.
1. S.B. 101 Credit Services Organizations Act Changes (L. Hillyard)
Sen. Hillyard introduced the bill and the following amendment was distributed:
1. Page 2, Lines 38 through 44 :
38 (3) (a) "Credit services organization" means a person who
represents oneself or
an employee as a debt professional or credit counselor, or
, with respect to the
39 extension of credit by others, sells, provides, or performs, or represents that the person can or
40 will sell, provide, or perform, in return for the payment of money or other valuable
41 consideration any of the following services:
42 (i) improving a buyer's credit record, history, or rating;
{
or
}
43 (ii) providing advice, assistance, instruction, or instructional materials to a buyer with
44 regard to Subsection (3)(a)(i)
{
.
}
; or
(iii) debt reduction or debt management plans.
MOTION: Sen. Walker moved to adopt the amendment.
The motion passed unanimously with Sens. Eastman and Mayne absent for the vote.
Kevin Olsen, Director, Division of Consumer Protection, further explained the bill.
MOTION: Sen. Walker moved to pass the bill out favorably as amended.
The motion passed unanimously with Sens. Eastman and Mayne absent for the vote.
2. S.B. 118 Mechanics' Lien and Payment Amendments (S. Jenkins)
Sen. Jenkins introduced the bill.
Howard Headley, President, Utah Bankers Association, and Rich Thorn, President, Association of General Contractors, spoke in support of the bill.
MOTION: Sen. Eastman moved to pass the bill out favorably.
The motion passed unanimously.
MOTION: Sen. Walker moved to adjourn.
The motion passed unanimously at 3:50 p.m.
_________________________________
Sen. Kevin VanTassell, Committee Chair