SB 180-FN-A (2014): establishing a recovery fund for victims of the Financial Resources Mortgage (FRM) fraud and continually appropriating a special fund.

SB 180-FN-A (2014)

establishing a recovery fund for victims of the Financial Resources Mortgage (FRM) fraud and continually appropriating a special fund.

• Status: Died on the table
• Term: 2013-2014
• House committee: Commerce and Consumer Affairs
• Senate committee: Executive Departments and Administration
• Subject: Miscellaneous

The Story

It was introduced on January 31, 2013 and referred to the Senate Executive Departments and Administration committee. The committee held a public hearing on February 20, 2013. The committee voted unanimously, 5–0, to recommend that the Senate pass it with changes (amendment 2013-0772s), and the report was placed on the consent calendar. The committee's amendment (0772s) was adopted on a voice vote on March 14, 2013, changing the text of the bill. On March 14, 2013 the Senate voted to pass it with changes on a voice vote, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it with changes (amendment 2013-1083s). The committee's amendment (1083s) was adopted on a voice vote on March 28, 2013, changing the text of the bill. On March 28, 2013 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 April 3, 2013 and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on April 17, 2013. The committee held work sessions on April 17, 2013, April 24, 2013 and April 30, 2013. The committee met in executive session on May 1, 2013 to vote on its recommendation. The committee retained the bill, holding it for further work rather than reporting it out this year. The committee held work sessions on September 24, 2013, October 10, 2013 and October 17, 2013. The committee met in executive session on October 22, 2013 to vote on its recommendation. The committee reported: Without Recomendation for Jan 8. On January 15, 2014 the House adopted “Lay on the Table” on a division vote 324–10, on a motion by Rep. Williams. The bill died on the table when the session ended on September 17, 2014, having been set aside and never taken back up.

Sponsors

• Sen. Lou D'Allesandro (D - SD20) (prime sponsor)
• Sen. Peter Bragdon (R - SD11)

Hearings and Sessions

• February 20, 2013, 9:05 AM: hearing, Senate Executive Departments and Administration, SH 100
• April 17, 2013, 10:30 AM: public hearing, House Commerce and Consumer Affairs, LOB 305-307
• April 17, 2013, 1:30 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 305-307
• April 24, 2013, 1:30 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
• April 30, 2013, 9:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 206
• May 1, 2013, 10:00 AM: executive session, House Commerce and Consumer Affairs, LOB 302
• September 24, 2013, 3:00 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
• October 10, 2013, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
• October 17, 2013, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
• October 22, 2013, 10:30 AM: executive session, House Commerce and Consumer Affairs, LOB 302

Votes

• March 14, 2013, Senate: Ought to Pass with Amendment 0772s, NT — voice vote, passed
• March 28, 2013, Senate: Ought to Pass with Amendment 1083s, NT — voice vote, passed
• January 15, 2014, House: Lay on the Table — yeas 324, nays 10, passed

The Docket

Laws It Would Change

• RSA 6:12
• RSA 359-M

From the General Court

• Bill status page
• Docket
• SC 9
• SC 11
• SC 13
• HC 2