Revision: March 8, 2016, midnight
\t \t\tHB 1105 - AS INTRODUCED
2016 SESSION
\t16-2371
\t08/05
HOUSE BILL\t1105
AN ACT\testablishing a committee to study third party mortgage processors.
SPONSORS:\tRep. Hunt, Ches. 11
COMMITTEE:\tCommerce and Consumer Affairs
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ANALYSIS
\tThis bill establishes a committee to study third party mortgage processors.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2371
\t08/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\testablishing a committee to study third party mortgage processors.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Committee Established. There is established a committee to study third party mortgage processors.
\t2 Membership and Compensation.
\t\tI. The members of the committee shall be as follows:
\t\t\t(a) Three members of the house of representatives, appointed by the speaker of the house of representatives.
\t\t\t(b) Three members of the senate, appointed by the president of the senate.
\t\tII. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
\t3 Duties. The committee shall study third party mortgage processors.
\t4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.
\t5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2016.
\t6 Effective Date. This act shall take effect upon its passage.