Some updates on SB1259…
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KILL BILL: Arizona Mortgage Lender’s Association Takes Credit for Killing SB 1259
Well, we know the driving force behind the terrorist attack on SB 1259 was Rep. Nancy McClain, in conjunction with Sen. Michelle Reagan, of course, without whom it would not have been possible. But, was it Nancy’s idea, as she claimed, or was there someone else in the background pushing Nancy’s buttons?
Care to venture a guess?
One more thing, by way of background… When Rep. Seel, Rep. McClain and Sen. Reagan were all asked by various parties why they were killing bills that already passed the senate 28-2 in the middle of night or over the weekend, or failing to show up to propose other like amendments as you agreed… EVERYONE said the same thing…
It would have failed in the House of Representatives any way… no way it would have passed… a complete waste of time… why even bring it up? The universal consensus was that SB 1259, or the Blomberg Amendment that never was, named for its author, would unquestionably be stillborn in the House, that much was certain.
Okay… did you guess? The answer is: YES. As it turns out, there was a button pusher pushing Nancy’s buttons after all.
CUT TO: A Meeting of the Arizona Mortgage Bankers Association (“AMLA”), this past Tuesday evening, and one Mr. Don Hagen, Vice President of Advocacy for the organization is speaking to attendees.
As I understand it from an unnamed source that was present at the meeting, he goes on to explain with some pride in his voice that he, along with AMLA’s legislative committee were successful in killing SB 1259 and the amendment. Thanks to him, you guys in Arizona sure dodged a bullet there I’d have to say.
Check out how it all went down here…
And we allow this why?
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When I contacted the Attorney General’s Office,, I received a reply that SB1259 had been “replaced” by a “Striker” Bill related to Fire Zone Districts. In order for a Striker Bill to be “OK” it has to be “Germain” (sp?) to the original bill, and that the word “Germain” could be interpreted so widely that it could be replaced by many such totally unrelated “issues”. I replied and asked if they thought their jobs were Germain, and that “Striker” Bills ought to be “Stricken. Reallys peaves me to no end. Why didn’t the Author raise hell!?
So is Seel or McLain being investigated by any kind of ethics committee?
Many are doing we can to NOT allow this, all by means that are approved and appropriate. What is missing is appropriate responses by our officials and courts.
It does narrow the options.
Whatever we do, don’t ask for clear proof of legal ownership. We all know they cannot show a complete unbroken chain of title from the loan originator up to the securitized loan trust. One little inconvenient problem. But if we all just look the other way, I suppose the problem will dissapear.
God forbid they followed the rule of the law and Satan couldn’t cash in on homes he does not own. .