SB 408 (2008): establishing a committee to study reverse mortgages.
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@misc{bill-2008-sb408, title = {SB 408 (2008): establishing a committee to study reverse mortgages.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2008/sb408}, note = {Accessed 24 Oct. 2026} }
SB 408 (2008)
establishing a committee to study reverse mortgages.
- Status: Killed
- Term: 2007-2008
- House committee: Commerce
- Senate committee: Commerce, Labor and Consumer Protection
- Subject: Study Committees and Commissions
The Story
It was introduced on January 2, 2008 and referred to the Senate Commerce, Labor and Consumer Protection committee. The committee held a public hearing on January 15, 2008. The committee recommended that the Senate pass it with changes. The committee's amendment (0124) was adopted on a voice vote on January 23, 2008, changing the text of the bill. On January 23, 2008 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House on February 13, 2008 and was referred to the House Commerce committee. The committee held a public hearing on March 27, 2008. The committee met in executive session on April 29, 2008 to vote on its recommendation. The committee voted unanimously, 18–0, to recommend that the House kill it. On May 7, 2008 the House voted to kill it on a voice vote.
Sponsors
- Sen. Sheila Roberge (R - SD9) (prime sponsor)
- Sen. Theodore Gatsas (R - SD16)
- Sen. John Barnes Jr. (R - SD17)
- Sen. Bob Odell (R - SD8)
- Sen. Kathleen Sgambati (D - SD4)
- Rep. Fran Wendelboe (R - Belk 1)
- Rep. Peter Batula (R - Hills 19)
Hearings and Sessions
- January 15, 2008, 10:45 AM: hearing, Senate Commerce, Labor and Consumer Protection, LOB 102
- March 27, 2008, 1:15 PM: public hearing, House Commerce, LOB 302
- April 29, 2008, 10:00 AM: executive session, House Commerce, LOB 302
Votes
- January 23, 2008, Senate: Ought to Pass with Amendment{0124} — voice vote, passed
- May 7, 2008, House: Inexpedient to Legislate — voice vote, passed
The Docket
- January 2, 2008: Introduced and Referred to Commerce, Labor and Consumer Protection
- January 15, 2008: Hearing; === CANCELLED === January 15, 2008, Room 102, LOB, 10:55 a.m.; SC2
- January 15, 2008: Hearing; January 15, 2008, Room 102, LOB, 10:45 a.m.; SC2A
- January 17, 2008: Committee Report; Ought to Pass with Amendment{0124} [01/23/08]; SC3, Pg.5
- January 23, 2008: Committee Amendment{0124}, AA, VV
- January 23, 2008: Ought to Pass with Amendment{0124}, MA, VV; OT3rdg
- January 23, 2008: Passed by Third Reading Resolution
- February 13, 2008: Introduced and Referred to Commerce
- March 27, 2008: Public Hearing: 3/27/2008 1:15 PM LOB 302
- April 29, 2008: Executive Session: 4/29/2008 10:00 AM LOB 302
- April 29, 2008: Committee Report: Inexpedient to Legislate for May 7 CC (vote 18-0)
- May 7, 2008: Inexpedient to Legislate: MA VV