82nd Legislative Session _ 2007

Committee: House Commerce
Friday, February 02, 2007

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Ahlers
P    Boomgarden
P    Dreyer
P    Engels
P    Hunt
P    Juhnke
P    Noem
P    Novstrup (David)
P    Nygaard
P    Pederson (Gordon)
P    Street
P    Willadsen, Vice-Chair
P    Rounds, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Representative Rounds, Chair

MOTION:     TO APPROVE THE MINUTES OF WEDNESDAY, JANUARY 31, 2007.

Moved by:    Hunt
Second by:    Boomgarden
Action:    Prevailed by voice vote.

         HB 1137: prohibit certain money lenders from providing a subsequent short-term consumer loan without some intervening time.

Presented by:    Representative Mary Glenski (Document 1)
Opponents:    Rexford Hagg, Short Term Lending Assn.
        Brett Koenecke, Community Financial Services Assn. Of America


        Dan Henderson, Money Central Inc. (Document 2)

MOTION:     TO TABLE HB 1137

Moved by:    Pederson (Gordon)
Second by:    Boomgarden
Action:    Prevailed by roll call vote.(10-3-0-0)

Voting Yes:    Ahlers, Boomgarden, Dreyer, Juhnke, Noem, Novstrup (David), Nygaard, Pederson (Gordon), Willadsen, Rounds

Voting No:    Engels, Hunt, Street

         HB 1172: clarify certain limits placed on persons lending money.

Presented by:    Representative Joni Cutler (Document 3)
Proponents:    Cathy Brandner, Division of Banking
Opponents:    Brett Koenecke, Community Financial Services Assn. Of America
        Rexford Hagg, Short Term Lending Assn.
        Michael DeMersseman, Dollar Loan (Document 4)

MOTION:     DO PASS HB 1172

Moved by:    Ahlers
Second by:    Engels
Action:    Was not acted on.

MOTION:     SUBSTITUTE MOTION AMEND HB 1172

1172sa
     On page 1 of the printed bill, delete lines 8 to 12 , inclusive.

Moved by:    Pederson (Gordon)
Second by:    Boomgarden
Action:    Prevailed by voice vote.

MOTION:     DO PASS HB 1172 AS AMENDED

Moved by:    Pederson (Gordon)
Second by:    Hunt
Action:    Prevailed by roll call vote.(12-0-1-0)



Voting Yes:    Ahlers, Boomgarden, Dreyer, Engels, Hunt, Noem, Novstrup (David), Nygaard, Pederson (Gordon), Street, Willadsen, Rounds

Excused:    Juhnke

Gavel passed to Representative Willadsen, Vice Chair

         HB 1257: reduce the minimum number of board members of trust companies.

Presented by:    Representative Joni Cutler
Proponents:    Jeremiah Murphy, SD Trust Company

MOTION:     DO PASS HB 1257

Moved by:    Ahlers
Second by:    Hunt
Action:    Prevailed by roll call vote.(11-0-2-0)

Voting Yes:    Ahlers, Boomgarden, Dreyer, Engels, Hunt, Noem, Novstrup (David), Nygaard, Street, Willadsen, Rounds

Excused:    Juhnke, Pederson (Gordon)

MOTION:     PLACE HB 1257 ON CONSENT CALENDAR

Moved by:    Engels
Second by:    Nygaard
Action:    Prevailed by voice vote.

Gavel passed back to Representative Rounds, Chair

MOTION:     ADJOURN

Moved by:    Hunt
Second by:    Willadsen
Action:    Prevailed by voice vote.

Cheri Hauschild

____________________________

Committee Secretary
Tim Rounds, Chair