Legislative Update: January 5, 2015

Lawmakers convene today for the start of the 2015 Montana legislative session.  The swearing in session will commence at 12:00 at the state capitol building.

Even before newly elected and re-elected members have been sworn in, there have been a number of legislative measures that have been “pre-filed” and that will be formally introduced following the opening day ceremonies.

At this point in time, pre-filed bills that have been identified as of interest to the community banking industry include:                                             

Bill No. Primary Sponsor Status Status Date Short Title
HB 66 Greg Hertz (R) HD 12 (H) Referred to Committee — (H) Business and Labor 12/23/2014 Revise banking laws relating to documents filed with the Department
SB 23 Roger Webb (R) SD 23 (S) Hearing — (S) Business, Labor, and Economic Affairs 01/13/2015; 8:00 AM, Rm 422 Limiting liability for title insurers of condominiums converted to townhouses
SB 53 Dick Barrett (D) SD 45 (S) Referred to Committee– (S) Business, Labor, and Economic Affairs 12/18/2014 Revise credit union laws regarding directors and operations
SB 75 Gene Vuckovich (D) SD 39 (S) Referred to Committee — (S) Business, Labor, and Economic Affairs 12/18/2014 Revise laws related to nondepository lenders
SB 98 Tom Facey (D) SD 50 (S) Hearing — (S) Business, Labor, and Economic Affairs 01/12/2015; 8:00 AM, Rm 422 Revise Montana mortgage laws

MIB members will become accustomed to seeing the heading and subject matter above during the 2015 Legislature as the MIB government relations staff, i.e. Jim Brown, updates community bankers throughout the session.  Weekly or bi-weekly updates will feature analyses of measures having particular interest to MIB members.

Finally, please pay special attention to any Call-To-Action notices that might be issued during the 2015 Legislative Session.  You might be asked to contact members of specific committees, or your individual state representative or senator on an as-needed basis only when it is highly important.

If you have any questions during the 2015 Legislative Session, feel free to contact us via email at jbrown@mibonline.org or lwelker@mibonline.org or (406) 449-7444.

Jim Brown
MIB Executive Director