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ARTICLE

Date ArticleType
2/17/2021 Advocacy

North Dakota Legislative Update

 

 

ND Legislative Update

 

by Kayla Pulvermacher, State Legislative Director

 

 

HB 1366 Update

 

HB 1366, the repairman lien bill, had its hearing on Thursday.

 

In preparation for the hearing, Dakota Credit Union Association, along with the North Dakota Bankers Association, Independent Community Bankers Association and Farm Credit Services, met to discuss how the financial community could make this legislation work for all parties affected. The agreed upon amendments dealt with provisions and protections that are required under Uniform Commercial Code (UCC), which the bill lacked.

 

In testimony, DakCU President/CEO Jeff Olson testified that HB 1366 is not good for consumers, businesses, or lenders, and introduced the amendments. “While it may be swifter and cheaper to conduct a sale under the proposed language of HB 1366 instead of proceeding with a judicial sale, we believe the protections afforded the consumer and other lienholders under UCC should not be ignored,” Olson said.

 

The bill was not immediately passed out of committee and will continue to be worked on in committee this Thursday. DakCU, along with the North Dakota Bankers Association, Independent Community Bankers Association and Farm Credit Services, plan to meet with The Pioneer Equipment Dealers Association in the coming days. Stay tuned.

 

DakCU Members Put Pressure on Committee with Action Alert!

 

Before the hearing of HB 1366 in the House, DakCU sent out a member action alert asking for concerned credit union advocates to send emails to committee members, and boy—did our members deliver! We believe this grassroots advocacy has contributed to the Chairman’s willingness to work with the financial institutions. We thank you for your responses and we will be sending additional action alerts in the future.

 

As always, don’t hesitate to contact me regarding our North Dakota advocacy efforts.

 

 

 

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  • Advocacy
    • Bill Tracking
    • Grassroots Action Center
    • Political Fundraising
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • ViClarity
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
      • DakCU Awards
      • CUNA Awards
    • SWAP: CU Awareness
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
      • Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
  • News & Events
    • The Memo
    • Events Calendar
    • Par for the PAC
    • Pints & Politics
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • DakCU Foundation >
      • Donor Wall
      • Foundation Golf Scramble
      • Memorials
    • DakCU Health Benefits Trust