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ARTICLE

Date ArticleType
2/8/2021 Advocacy

ND Legislative Update

 

 

ND Legislative Update

 

By Kayla Pulvermacher, State Legislative Director

 

 

 

 

 

This week is shaping up to be cold, but busy! While a lot of work has been done on our priority bills, we have one priority bill this week that deserves all our attention. Read on to learn more!

 

Bill Update

 

HB 1172 makes changes to Agricultural Mediation and Negotiation Services. The bill sponsor offered amendments to change the bill to requiring banks and credit unions to go through mediation. The subcommittee did not adopt those amendments, and instead adopted language closer to the bill’s original form. The bill now exempts Farm Credit Services as they must follow similar federal code.

 

The bill received a “Do Pass” from the Subcommittee but must be voted on by the entire Agriculture Committee before being heard on the floor.

 

SB 2223 originally made changes to the Deed In Lieu Of Foreclosure process. The bill sponsor offered amendments to change the bill to affect those who had a debt management plans from 2006; these amendments were not adopted. The bill received a “Do Not Pass” and will be heard on the Senate Floor.

 

To see the rest of our priority bills, check out our tracking list here.

 

Action Alert!

 

HB 1366 has been scheduled for a hearing this week, and your legislators need to hear from you!

HB 1366 is anti-consumer, anti-business bill that allows the repair shop to charge unlimited storage fees and transportation costs, on top of any repairs, to their lien against a vehicle or equipment. Additionally, the bill would:

 

1. Authorize the sale of the vehicle or piece of machinery to be sold to cover the repair, storage and transportation costs, regardless of other liens.

2. Create an unclear lienholder notice period that allows the repair shop to charge those costs for up to 20 days.

3. Open the door for predatory repairmen to eliminate existing recorded liens.

4. Increase the cost of credit for ND borrowers.

 

This legislation will likely result in North Dakota credit unions taking additional precautions to protect the credit union’s and member’s security interest in collateral pledged for vehicle and machinery loans. 

 

Visit DakCu’s Grassroots Advocacy Center to send an email to legislators.

 

As an engaged credit union advocate, we hope we can count on YOU to take action!

 

Ask the House Transportation Committee/House to VOTE NO on 1366!

 

If you have any questions about these priority bills or our advocacy efforts in North Dakota, don’t hesitate to contact me.

 

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  • Advocacy
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    • Grassroots Action Center
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  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • ViClarity
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
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      • CAP Program Directory
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