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From YouTube: 4/5/2021 - Assembly Committee on Commerce and Labor, 1pm
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A
C
D
C
E
F
F
A
Present.
Thank
you,
mr
secretary.
Please
indicate
that
all
committee
members
are
here
welcome
to
our
audience
tuning
in
over
the
internet.
Before
we
start,
I
would
like
to
go
over
our
housekeeping
announcements.
Please
remember:
all
exhibits
were
in
testimony
and
amendments
must
be
submitted
by
noon.
On
the
business
day
prior
to
the
committee
meeting
people
wishing
to
testify
or
attend
the
meeting
virtually
must
pre-register
online
at
the
legislature's
website.
A
A
Only
please
remember
to
keep
your
camera
on
at
all
times.
This
will
help
us
ensure
that
we
have
a
quorum
unless
you
are
stepping
away
for
non-committee
related
business
members
and
presenters.
Please
remember
to
be
muted
at
all
times,
unmute
yourself
to
speak
and
then
promptly
mute
yourself
when
you
are
done.
Thank
you
to
everyone.
Let's
begin
with
our
first
agenda
item-
and
this
is
meeting
number
one
for
today
and
we
have
three
bills
our
own
on
our
agenda.
I
would
like
to
let
everyone
know
how
I
will
be
taking
those
bills.
G
Thank
you,
madam
chair
and
members
of
the
committee
for
the
record.
My
name
is
jason
fryerson
representing
assembly
district
8
in
clark
county
this
afternoon,
I'm
pleased
to
present
assembly
bill
308,
which
attempts
to
further
balance
the
interests
of
tenants
and
landlords
some
background
information.
G
Certainly
members
of
this
committee
are
no
strangers
to
the
plight
of
tenants
and
property
owners
today,
even
before
code
at
19,
the
influx
of
new
residents
and
resulting
increase
in
property
values
caused
a
shortage
of
affordable
housing
throughout
the
state.
The
aspen
institute,
estimated
in
2020
that
nevada
had
the
greatest
mismatch
in
demand
and
supply
of
affordable
housing
with
19,
affordable
and
available
units
for
every
100,
extremely
low
income,
renter
households.
G
Additionally,
a
per
national
survey
for
a
national
survey.
63
of
americans
have
been
living
paycheck
to
paycheck
since
the
pandemic
started.
However,
even
before
the
pandemic,
44
of
americans
were
living
beyond
their
means.
The
harsh
reality
is
before
this
public
health
crisis
40
of
americans
were
unable
to
cover
an
unexpected
400
expense.
G
As
policymakers,
we
attempt
to
balance
the
rights
of
landlords
to
secure
market
value
rent
for
their
property,
while
safeguarding
the
interests
of
tenants
who
find
themselves
priced
out
of
homes
they
may
have
occupied
for
years.
It
is
against
this
backdrop
that
I
requested
ab308,
which
seeks
to
provide
tenants
with
additional
time
before
a
landlord
may
increase
rental
payments
institutes.
A
grace
period
of
three
days
before
a
landlord
can
charge
late
fees
and
makes
a
technical
change
to
the
definition
of
a
security
deposit
per
the
national
landlord
association.
G
G
Housing
continues
to
be
a
large
percentage
of
a
family's
monthly
expenses,
as
nevada
continues
to
see
slower
economic
recovery
as
compared
to
other
states
across
the
country.
I
believe
it's
critical
that
we
find
ways
to
help
tenants
adequately
prepare
for
the
unexpected,
while
not
placing
and
while
not
placing
excessive
burdens
on
landlords.
G
The
bill
itself,
straightforward
manager,
section
one
and
then
three
through
six
and
eight
through
fourteen
deal
with
the
technical
change
I
discussed
regarding
the
definition
of
security
deposit
section
two
prescribes
a
landlord
may
not
charge
a
late
fee
as
long
as
the
rent
is
paid
within
three
calendar
days
of
the
due
date.
Finally,
section
7
extends
from
45
to
60
the
number
of
days
notice.
A
landlord
must
provide
of
a
rent
increase
or
periodic
tenancies
that
are
less
than
one
month.
G
The
number
of
days
would
be
extended
from
15
days
currently
to
30
days
again.
Thank
you,
madam
chair
members
of
the
committee
for
hearing
ab
308.
G
I
believe
this
is
a
reasonable
effort
to
give
tenants
ample
time
to
prepare
for
large
expenses
such
as
housing,
and
I
also
want
to
thank
the
stakeholders,
many
of
the
stakeholders
that
I've
worked
with
in
in
in
developing
this
bill
for
their
work
and
their
input
and
their
responses
to
various
proposals
to
get
to
where
I
believe,
is
a
good
place
with
dealing
with
current
crisis,
expanding
the
opportunity
for
folks
to
have
notice
and
get
ready,
but
also
not
overly
burdened
in
landlords.
G
Many
of
whom
are
just
like
you
and
I
that
that
are
living
month
to
month
and
struggling
just
the
same,
and
so
with
that.
That
concludes
my
remarks.
I'm
happy
to
answer
any
questions
that
you
may
have
on
the
bill.
I
will
note
I
requested
that
the
realtors
association
be
permitted
not
as
a
part
of
the
presentation
necessarily
but
to
be
able
to
participate
virtually
and
with
madam
chairs
permission
possibly
answer
some
questions.
G
As
there
was
significant
work
back
and
forth
on
this
proposal,
it
was
because
it
was
being
developed,
so
I
do
have
teresa
mckee
with
the
realtors,
who
should
be
in
the
queue
to
give
a
perspective
from
the
realty
association.
A
A
Okay,
speaker
fryerson,
would
you
like
miss
mckee
to
give
any
remarks
or.
G
That
would
be
great
with
your
permission,
madam
sheriff,
if,
if
miss
mckee
could
provide
her
testimony,
I
I
wanted
her
to
be
available
to
answer
questions,
but
I
also
didn't
want
to
deprive
her
of
the
opportunity
to
offer
her
testimony
just
the
same.
H
Is
yours?
Thank
you
very
much
and
I'll
be
brief.
Good
afternoon,
chair,
howard,
yi
and
members
of
the
committee,
my
name
is
theresa
mckee,
I'm
ceo
of
nevada,
realtors,
and
today,
I'm
speaking
in
support
of
ad308
on
behalf
of
the
more
than
18
000
members
of
nevada
realtors.
We
advocate
both
on
behalf
of
landlords
and
tenants,
as
those
parties
both
constitute
the
clientele
of
our
realtor
members,
we'd
like
to
thank
speaker
fryerson
for
bringing
forward
this
important
piece
of
legislation.
H
Most
of
our
property
managers
and
landlords
are
very
transparent
with
the
tenants
and
have
great
relationships
with
the
tenant,
and
most
of
these
issues
are
not
a
problem
for
most
tenants
and
most
landlords,
but
we
know
there
are
some
landlords
who
are
not
as
transparent
and
may
not
have
that
kind
of
relationship
with
their
tenants.
H
A
I
Thank
you
very
much
chair
and
thank
you
for
the
presentation
and
this
bill.
I
just
wanted
to
make
sure
just
get
on
the
record
that
when
you're
talking
about
raising
the
rent
that
that
can't
be
done,
the
rent
cannot
be
raised
during
the
term
of
the
lease.
So
if
the
rent
was
going
to
be
raised,
they
might
have
to
do
it
60
days
prior
to
the
end
of
the
lease,
but
they
cannot
raise
the
rent
during
a
lease,
at
least
that
that
says
how
much
the
rent
is
correct.
H
That's
correct
and,
and
most
most
often,
issues
like
that
are
handled
within
a
contract
as
well
that,
at
the
end
of
the
contract,
it's
clear
in
the
contract
that
the
rent
could
be
raised
at
that
point
only
thank
you
very
much.
A
Appreciate
it
thank
you,
and
that
was
theresa
mckee
with
the
nevada
realtors
and
for
our
secretary
members,
any
other
questions,
assembly,
member
kasama
and
then
ms
mckee.
If
you
answer
the
question,
would
you
just
identify
yourself
for
the
record?
It
just
helps
our
secretary
when
taking
minutes.
Thank
you.
J
Yes,
thank
you,
speaker,
fryerson
and,
and
chair
and
committee
members.
I
just
wanted
to
say
that
this
seems
very
reasonable.
I'm
already
doing
it
in
practice.
Nothing
here
changes
what
I've
already
done.
I
think
it's
good
to
provide
people
with
ample
notice,
and
so
I
think
that
this
is
reasonable
and
I
can
support
this.
A
E
E
C
Tiffany
banks,
n
t-I-f-s-a-n-y
b,
a
n
k
s
good
afternoon,
share
houdikian
members
of
the
committee.
My
name
is
tiffany
banks
and
I'm
general
counsel
for
the
nevada
realtors.
Today,
I'm
speaking
in
support
of
ab308,
we
would
like
to
thank
speaker
fryerson
for
bringing
forward
this
important
bill
with
such
reasonable
language.
C
Mom
and
pop
landlords
have
been
hammered
through
no
fault
of
their
own
from
this
pandemic
and
the
governmental
moratoriums
that
have
been
put
in
place,
they
still
need
to
make
their
mortgage
payments
hoa
payments
and
pay
their
taxes.
These
small
landlords
are
stressing
that
properties
have
become
too
difficult
to
manage
in
this
environment.
C
We
know
and
are
experiencing
the
great
influx
of
out-of-state
buyers,
moving
to
nevada
and
buying
these
properties
as
owner
occupants
from
exhausted
landlords,
which
in
turn
is
reducing
the
number
of
available
rentals
for
tenants.
This
is
a
bill
that
our
landlords
and
property
managers
can
support,
and
our
association
is
committed
to
strongly
encouraging
our
members,
property
managers,
landlords
and
tenants
to
work
together
during
these
trying
times,
and
we
will
continue
to
do
so.
Thank
you
again,
speaker
fryerson,
chair
and
members
of
the
committee.
E
B
We
appreciate
and
commend
speaker
fryerson
for
his
tireless
work
on
behalf
of
all
nevadans
and
appear
today
in
support
of
ab308
ab308,
clarifies
and
further
defines
certain
important
aspects
of
the
financial
relationship
between
tenants
and
landlords.
I
thank
you
all
for
your
time
today
and
thank
you
for
your
service
to
our
great
state.
Have
a
wonderful
afternoon.
E
E
B
Thank
you
chair
and
members
of
the
committee
for
the
record.
My
name
is
david
dazlich
d-a-z-l-I-c-h,
director
of
government
affairs
for
the
vegas
chamber,
we'd,
just
like
to
thank
speaker
preyerson
for
bringing
this
bill
and
for
the
work
and
collaboration
that
has
gone
on
with
the
stakeholders.
We
believe
this
finished
product
is
a
very
thoughtful
and
measured
bill
that
will
have
significant
effects
that
will
positively
benefit
nevada's
renters,
as
well
as
landlords
warn
support
and
urge
passage
of
ab308.
Thank
you.
E
F
Susie
vasquez
s-u-s-y
v,
as
in
victor
a-s-q-u,
e-z
good
afternoon
chair
and
member
susie
vazquez
executive
director
of
the
nevada
state
department
association,
the
apartment
association
is
testifying
in
support
today
on
assembly
bill
308.
We
want
to
thank
the
sponsor
speaker,
fryerson
for
proactively
reaching
out
to
the
association.
F
We
also
thank
speaker
fryerson
for
his
measured
approach
with
ab308.
Implementing
a
three-day
grace
period
is
reasonable
and
only
assists
the
working
relationships.
Landlords
have
with
their
tenants.
We
do
not
want
our
tenants
falling
behind
on
rent
any
more
than
they
do
and
giving
our
residents
a
few
extra
days
to
produce
rent
before
they
incur
a
fee
is
something
we
can
live
with.
F
The
stories
of
patience
and
goodwill
with
tenants
has
been
lost
at
times,
which
is
unfortunate,
given
that
this
last
year
many
of
our
members
have
written
off,
rent
completely
and
gone
above
and
beyond,
to
keep
tenants
in
their
units.
To
be
sure,
we
are
not
in
the
business
of
evicting
our
residents
and
ab308
captures
that
spirit.
F
E
F
F
Right
now,
you'll
see
it
come
over
in
a
senate
bill
as
well,
because
after
some
tenant
protections
were
passed
last
session,
it
was
well
documented
in
the
review
journal
that,
in
order
to
recoup
additional
profit,
that
landlords
may
not
have
been
able
to
continue
to
receive
due
to
protections
being
passed,
there
were
thousands
of
notices
that
were
sent
out
by
property
managers
across
the
las
vegas
valley,
attempting
to
unilaterally
and
illegally
change
leases
that
were
in
place
no
longer
after
the
three-day
grace
period.
That
was
a
customary
practice.
F
B
A
Do
have
a
question
for
you
from
one
of
the
members
assembly
member
considine.
Do
you
have
a
question
for
mrs
bordelin.
I
Yes,
thank
you
chair
and
thank
you
for
for
letting
me
ask
this
question
at
this
point.
So
in
the
reading
of
the
bill,
I
guess
I'm
somewhat
sure,
but
I
just
wanted
to
ask
so:
does
this
three
day
three
day
grace
period?
Does
this
also
count
towards
like
the
weeklies
or
is
this
does
not
include
the
weeklies
or
the
places
where
people
are?
You
know
are
staying
like
two
weeks
one
week,
one
week
five
times.
F
Etcetera
bailey
bortland
for
the
record
was
that
directed
at
me.
I
apologize
because
the
the
automated
voices
were
talking
over
at
points.
F
Yes,
okay,
thank
you,
bailey
borland,
for
the
record,
representing
nevada
coalition
of
legal
service
providers.
The
way
that
I
read
this
bill,
it
would
not
apply
to
weekly
rentals,
but
I
think
that's
a
policy
choice
that
could
be
considered
as
it's
a
practice.
We
often
see
there
as
well.
A
E
F
Good
afternoon,
chair
and
members
of
the
committee
for
the
record,
my
name
is
tess
opferman,
that's
spelled
o-p-s-e-r-m-a-n
speaking
on
behalf
of
the
nevada
women's
lobby.
We
want
to
thank
speaker,
fryerson
and
stakeholders
for
working
together
to
bring
forward
this
bill
today.
One
of
the
top
priorities
of
the
nato
women's
lobby
is
housing
security.
We
are
working
to
ensure
women
and
families
are
able
to
maintain
affordable
and
stable
housing,
and
we
think
this
still
helps
do
that.
This
will
help
ensure
transparency
between
tenant
and
landlord,
ultimately
helping
to
protect
both
parties.
E
H
Good
good
afternoon,
chair
members
of
the
committee,
my
name,
that's
m-
is
r.
I
a
hyphen
t
e
r
e
s,
a
l,
I
e
d
e
r
m,
a
n
n
hyphen,
p,
a
r
r,
a
g
a
and
I'm
here
representing
battleborn
progress.
We
are
in
full
support
of
ab-308
and
thanks
speaker
fryerson
for
this
bill,
especially
because
nevada
is
no
stranger
to
evictions
crises
and
especially
the
one
we
have
now
due
to
the
cover
19
pandemic.
H
E
If
you
recently
joined
the
call
and
would
like
us
to
find
support
on
ab308,
please
press
star,
9
now
to
take
your
place
in
the
queue
again.
Please
press
star,
9,
to
take
your
place
in
the
queue
probably
with
the
last
three
digits
of
419.
Please
slowly
state
and
spell
your
name
for
the
record.
You'll
have
two
minutes
and
we
begin.
B
I
am
the
policy
director
for
faith,
international
nevada.
We
are
here
in
support
for
sbaby,
308
and
we'd,
like
to
thank
speaker
for
bringing
this
bill.
As
one
of
the
previous
speakers
had
noted,
the
three-day
grace
period
will
definitely
help
those
who
are
on
a
fixed
income,
in
particular
those
who
are
dependent
on
social
security,
as
as
she
has
noted,
they
often
get
their
payments
after
the
first,
and
this
will
make
sure
that
they're
not
paying
any
additional
late
fees
on
that.
Thank
you
so
much
for
your.
E
B
Good
afternoon,
chair
and
members
of
the
committee
for
the
record,
my
name
is
ben
innis,
that
is
b-e-n-I-n-e-s-s.
I'm
a
social
work
intern
with
progressive
leadership
alliance
of
nevada.
Here
in
support
of
assembly
bill
308
families
across
the
state
are
experiencing
rent
increases
that
are
forcing
them
out
of
their
homes
and
communities
with
little
notice.
Finding
a
new,
affordable
apartment
near
their
current
home
is
a
serious
challenge
in
our
state's
highly
competitive
housing
and
rental
markets.
B
According
to
the
american
community
survey,
in
2019,
almost
44
of
nevada
households
were
renters
much
higher
than
the
national
average
of
36
percent.
This
legislation
increases
the
length
of
time
of
rent.
Increased
notice
must
be
delivered,
offering
tenants
a
larger
window
of
time
for
all
the
activities
necessary
and
moving
ab308
also
guarantees
a
tenant.
A
three-day
grace
period
to
pay
rent
tenants
may
occasionally
need
just
a
few
extra
days
to
pay
the
rent,
while
they
wait
for
the
paycheck
to
be
deposited,
a
check
to
clear
or
for
social
security
payments
to
arrive.
B
E
C
A
E
E
G
Thank
you,
madam
chair
briefly.
I
just
thank
the
committee
for
their
time
and
attention
and-
and
I
thank
the
stakeholders
for
the
collaboration
that
was
able
to
take
place
in
developing
this
proposal.
I
I
was
actually
surprised
at
some
of
the
stakeholders
willingness
to
come
forward
and
I
really
appreciate
the
the
direction
and
guidance
about
how
this
could
impact
various
sides
of
the
housing
circumstances
that
we
find
ourselves
in
today,
but
I
certainly
believe
that
this
bill
will
improve
conditions
for
all
sides.
A
K
Thank
you,
madam
chair
and
committee
members,
for
the
record.
I
am
sarah
peters,
representing
assembly
district
24..
I
would
like
to
present
assembly
bill
332,
which
establishes
a
statewide
registry
of
the
rental
market.
I
will
provide
an
overview
of
the
issue,
a
summary
of
the
measure
as
well
as
an
amendment
for
the
committee's
consideration.
K
K
Often
the
reported
market
data
is
years
old,
which
isn't
helpful
when
we
are
trying
to
assess
current
market
conditions,
I
frequently
frequently
hear
from
landlords
and
tenants
that
policy
change
changes
only
work
to
support.
One
side
of
the
market
equation:
both
groups
often
feel
like
those
changes,
are
ineffective
and
misguided.
K
K
I
know
I'm
not
alone
in
this
body
hearing
from
constituents
and
landlords
about
the
fairness
of
our
rental
market
policies,
some
even
consider
a
data
collection
bill
such
as
the
one
proposed
today
as
an
overstep
into
property
rights,
while
others
think
it
doesn't
go
far
enough
to
protect
vulnerable
populations
from
inflated
rent
prices
in
our
urban
centers.
Well,
I'm
a
data
geek
and
when
I'm
presented
with
these
kinds
of
issues.
My
first
question
is:
what
does
the
data
say?
K
What
we
have
are
two
concurrent
markets,
the
investment
market
and
the
housing
market
as
demand
for
rental
housing
increases.
The
demand
for
investments
also
increases,
as
the
investment
demand
goes
up,
the
prices
investment
properties
are
sold
at
goes
up,
resulting
in
bidding
wars
and
a
reduction
in
single
family
owned
homes.
K
K
Note
the
investment
market
is
easier
to
track
with
purchase
data
more
readily
available
than
the
rent
rate
and
landlord
data
we
are
asking
for
in
this
bill
assembly
bill
332
requires
the
housing
division
and
the
department
of
business
of
the
department
of
business
and
industry
to
establish
a
statewide
registry
of
landlords.
The
registry
must
collect
the
name
of
the
landlords,
the
state
and
county,
where
the
landlord
is
domiciled.
K
The
landlord
must
provide
this
information
to
the
housing
division
on
or
before
january
1
of
each
year
and
any
time
there
is
a
change
in
this
information.
The
division
of
housing
has
an
existing
database
that
they
contract
with
for
publishing,
affordable
housing
data.
I
have
talked
with
them
about
using
this
existing
database
with
a
functional
modification
to
mark
the
properties
under
a
separate
tag
such
that
which
would
allow
us
to
select
these
inputs
under
a
unique
identifier
to
extract
for
assessment
purposes.
K
As
I
noted
at
the
beginning
of
my
presentation,
I
would
like
to
propose
three
amendments.
First,
only
landlords,
with
more
than
three
dwelling
units,
are
required
to
provide
information
to
the
housing
division.
Second,
multi
family
apartment
complexes
will
be
required
to
report
rental
rates
and
increases
under
a
separate
process
and
finally,
the
landlord's
requirement
requirement
to
report
this
information
set
wood
sunset
on
june
30th
2023,
as
noted
in
the
amendment
properties
such
as
apartment
complexes
that
belong
to
associations
such
as
the
apartment
association,
will
have
a
separate
process
for
submitting
the
relevant
data.
K
A
B
There
I
was
having
trouble
moving
mutiny.
Thank
you,
chair,
assemblywoman
peters.
I
appreciate
the
bill.
I
appreciate
what
you're
trying
to
do.
I
think
I
understand
it,
but
that
brings
up
the
question
I
have.
Why
are
you
we
only
going
to
have
this
bill
in
effect
for
two
years?
What
do
you
plan
to
accomplish
just
in
two
years.
K
Thank
you
for
the
question
assembly,
william
peters,
for
the
record,
so
I
don't
love
the
idea
and
I
think
most
data
people
don't
love
the
idea
of
just
collecting
data
for
the
sake
of
collecting
data,
and-
and
so
I
I
put
this
some
this
sunset
on
there
in
part
because
we're
obligating
an
existing,
I,
this
bill
would
be
obligating
an
existing
division
to
do
something
that's
a
little
outside
of
the
scope
of
their
current
efforts.
K
And
if
you
look
at
the
fiscal
note
under
the
original
bill
language
and
the
original
understanding
from
their
office,
they
wanted
an
entire
new
person
to
help
to
really
develop
out
this
program.
That's
great!
If
we
want
to
move
forward
with
that
in
two
years
and
and
create
a
separate
process
under
the
division
to
to
continue
to
assess
this
data
annually.
That
would
be
amazing,
but
right
now
what
I'm
really
looking
at
are
market
drivers?
What
is
driving
the
market
in
nevada?
K
Why
are
rent
prices
so
high
in
some
places
and
and
how
are
we
establishing
policies
and
practices
across
the
board
at
the
state
and
the
local
levels
to
help
both
tenants
and
landlords
manage
in
that
marketplace?
K
I
think
if
we
take
a
step
back
and
look
at
the
kind
of
thousand
foot
view
of
the
market,
two
years
gives
us
enough
consecutive
data
of
these
markets
to
allow
us
to
see
trends.
Obvious
trends.
We
may
not
be
able
to
quantify
it
to
the
extent
that
it's
applicable
in
the
two-year
biennium
past
this
sunset
for
for
dollar
values,
but
we
can.
We
can
use
those
trends
to
apply
to
what
we
expect
to
see
in
the
next
two
years.
J
Yes,
thank
you
chair,
thank
you,
assemblywoman,
peters
and
and
the
committee,
so
you
know,
I
guess
you
kind
of
said:
there's
a
a
two-year
sunset
on
this
and
and
the
goal
is
to
collect
data,
and
you
said
that
it
might
be
extended
if
it
goes
beyond
two
years,
but
I
guess
my
question
is
we
already
know
if
there's
a
shortage
prices
go
up
and
if
there's
enough
inventory
prices
go
down,
and
so
you
know
to
have
a
study
for
this.
J
We
already
know
what
the
market
factors
are,
and
I
do
think
that
this
there's
been
so
many
burdens
on
the
landlord
to
add
this
during
this
time
is
another
regulation.
Another
requirement
I
mean
I
could
just
sit
here
and
see
what
is
the
end
game?
I
I
have
some
owners.
I
represent
that
own
units
in
the
same
complex
and
one
of
them
might
charge
so
much
for
rent
and
another
one
charges.
A
different
could
be
how
long
the
tenant
is
there.
Maybe
they
have
a
view
of
the
pool.
J
You
know
what
what
is
the
goal
of
all
the
data,
because
is
it
eventually
going
to
be
mandated
that
they
all
have
to
be
exactly
the
same,
or
maybe
one
unit
has
upgraded
and
the
other
has,
and
I
just
think
it's
a
it's
an
overreach.
I
think
it's
over
regulation.
I
I
don't
like
the
the
trend
of
where
it's
going
and
I
do
think
it's
getting
into
the
business
practice
of
the
owners
and
we
as
property
managers.
J
J
We
don't
dictate,
and
so
we
have
that
communication
with
the
owner,
and
so
I
think
it
is
you
know,
could
lead
to
you
know
infringing
on
property
rights
of
the
owners
of
these
units,
and
so
I
have
a
great
deal
of
concern
with
this
and
as
far
as
data
goes,
you
can
pull
up
on
the
mls
right
now
and
I'm
sure
you
have
people
that
would
be
happy
to
give
give
the
info
you
can
pull
up
on
the
mls
data
right
now
and
you
can
find
out
in
a
zip
code
what
two
bedrooms
in
a
certain
area
are
renting,
for
we
don't
need
a
huge
study
like
this
that
that
data
is
available.
J
You
can
go
to
zillow
and
you
can
see
what
they're
advertising
for
and
a
lot
of
owners
are
starting
to.
You
know,
rent
their
owns,
they're,
doing
airbnbs
they're,
renting
them,
whether
they're
legal
or
not.
They're
doing
that,
and
so
you
know,
there's
a
lot
of
information
out
there
that
is
readily
available.
I
don't
think
we
need
this
type
of
a
study
and
those
are
just
my
comments
on
that.
J
I
guess
my
my
my
question
is:
what
is
the
end
goal
for
collecting
all
the
data
when,
when
we
have
you
know
the
data
is
out
there
and
I
think
it's
a
burden
on
the
on
the
la
on
the
owners
and
the
property
managers.
K
Thank
you
for
the
question:
assemblywoman
peters
for
the
record
you're,
not
the
first
person
to
send
that
information
to
me
that
there
were
concerns
about
what
this
would
be
used
for
in
the
future,
but
I
think
that
you
know
really
anything
that
we're
doing
around
rental.
Housing
is
getting
that
critique.
K
However,
we
we
have
broken
in
our
urban
areas,
in
particular
the
traditional
concepts
of
housing
economics
right,
which
is
that
older
homes
then
become
lower
value
homes,
which
then
are
homes
that
can
either
be
rented
to
low-income
people
or,
at
a
you
know,
a
lower
rate.
That's
no
longer
the
case,
and
I
live
in
a
neighborhood
where
that's
case
in
point
right,
close
to
midtown,
it's
an
old
home
1940s.
It
hasn't
been
upgraded
since
the
70s
they're
selling
for
outrageous
rates.
K
The
rent
in
my
neighborhood
is
ridiculous,
considering
what
it
was
even
five
years
ago.
We
don't
understand
those
market
drivers,
and
so
this
is
really
an
attempt
at
trying
to
get
to
the
bottom
of
it.
Is
it
really-
and
here
you
said
a
lot
of
what
I,
what
I've
been
hearing
right
is.
It
could
be
that
you
know
we're
we're
having
like
in
a
wave
of
people
upgrading
houses
and
that
could
be
increasing
some
of
the
market.
It
could
be
that
californians
are
coming
in
with
greater
income
and
that
could
be
driving
the
market.
K
We
have
all
these
what
ifs
or
they
could
bees,
but
we
don't
have
a
lot
of
the
data
to
drive
that
understanding
that
hu,
that
inhibits
us
from
really
being
able
to
establish
what
affordable
housing
should
look
like
to
help
in
fill
those
gaps.
The
the
idea
that
the
only
way
to
get
to
a
market
where
there's
affordable
housing
is
to
develop
and
build
more
units
doesn't
get
us
to
a
place
of
accessibility
of
compatibility
to
our
current
urban
designs.
K
Those
are
areas
where
we
really
don't
have
a
good
grasp
on
what
the
economic
drivers
are.
So
that's
the
goal
of
this
data
collection.
I
do
want
to
say
that
there
is
nothing
in
here
that
is
obligatory
or
compliance
related.
There's,
no
there's
no
punitive
measure
if
you
do
not
submit
your
information
online
because
we
are
sensitive
to
that.
This
is
not
going
to
be
a
giant
feat
for
the
division
to
take
on.
K
We
really
want
people
to
be
able
to
landlords
to
be
able
to
supply
data
that
supports
their
narrative
of
what
the
market
is
doing
and
how
they're
establishing
rents,
and
and
so
that
we
can.
We
can
see
that
and
develop
evidence-based
policies
based
on
that
information,
rather
than
the
contextualized.
A
I
Thank
you,
madam
chair,
and
thank
you
for
bringing
this
bill
assembly.
Woman
peters,
I
just
wanted.
My
question
is:
I
know
that
property
managers-
you
have
to
be
a
licensed
real
estate
person
in
order
to
have
a
property
management
license.
So
I
can
see
that
you
know
there
are
requirements
for
property
managers
to
list
all
of
this
information
with
the
nevada,
real
estate
division.
But
my
question
is
it's
the
landlords
who
might
have
a
few
properties
but
aren't
real
estate
agents?
Therefore
they
don't
have
that
property
manager
permit
or
they
don't
know.
I
I
I
kind
of
read
this
bill
and
correct
me
if
I'm
wrong
that
we
also
just
to
capture
how
many
rental
units
we
have
I've
heard
numbers
from
42
to
47
percent,
but
it's
really
unknown,
especially
in
clark
county.
How
many
are
mom
and
pops,
and
if
those
mom
and
pop
landlords
are
actually
you
know,
holding
themselves
out
as
landlords
the
way
that
we
conceive
of
landlords
or
they're
just
saying?
Well,
I
just
have
these
few
properties
and
I
rent
them
out
and
they're
not
really
being
captured
as
not
owner
occupied
properties.
K
Ashley
there
are
larry's
there,
let's
see
so
we
did
ex.
I
want
to
talk
about
the
exclusion
of
landlords
who
have
three
or
fewer
properties
the
idea
there
is
for
people
who
are
trans
in
transition
and
have
to
rent
their
home
in
order
to
buy
a
new
home.
That's
not
a
market
driver
for
people
who
have
you
know
gotten
a
home
through
a
will
or
through
some
other
kind
of
like
legal
process
because
of
a
family
member
passing
or
becoming
ill
and
not
able
to
take
care
of
the
property.
K
Those
are
not
the
landlords
that
we
want.
We
necessarily
need
to
capture
because
they're,
not
market
drivers,
but
we
do
want
to
capture
those
mom
and
pops
if
we
can
and-
and
that's
really
the
limitation
here
in
capturing
the
mom
and
pops
that
are
not
related
to
property
managers,
it
is
that
we
don't
have
any
money
to
put
towards
this
to
get
it.
K
To
that
finish
line
right
and
as
assemblywoman
kasama
mentioned,
it
can
be
a
frustrating
feat,
but
I
do
want
to
give
an
example
of
how
we've
done
this
to
small
business.
A
couple
of
years
ago,
we
passed
a
bill
that
said,
small
business
has
to
only
work
companies,
stuff
business
licenses
in
the
state
of
nevada.
For
my
company,
every
contractor
that
we
bring
on
has
to
have
a
business
license
in
the
state
of
nevada.
K
We
didn't
know
that
until
this
last
year
in
part,
because
there
wasn't
any
money
to
go
around
and
tell
small
business
owners,
you
know
that
you
have
to
only
work
with
these
people.
It
was
dead.
It
was
delegated
out
kind
of
through
the
word
of
mouth
process
through
the
legal
help
of
a
ppp
loan.
So
so
this
isn't
an
abnormal
way
of
attempting
to
to
get
people
to
follow
in
line
with
the
with
what's
in
the
statutes.
K
But
I
do
think
that
we
have
community
partners
who
will
help
us
get
feet
on
the
ground
and
pull
those
people
in,
and
I
do
think
that
you
are
absolutely
right.
We
will
see
be
able
to
see
trends
of
how
many
houses
in
our
district.
How
many?
How
many
rental
properties
in
our
district
are
those
small
mom-and-pop,
duplexes
or
singles
single-family
homes
versus
the
apartments
and
how
much
those
different
kinds
of
homes
and
rental
properties
drive
the
market
around
rent
rates?
K
Right
because
you
know
we
can
see
the
rate
we
see
generalized
right,
a
single
bedroom
place
which,
in
my
district
I
have
there
are
single
bedroom
house
apartments
right
which
wouldn't
get
captured
under
an
apartment
association
that
are
going
for
the
same
price
as
an
apartment,
single
bedroom
or
more
because
of
the
convenience
factor
of
where
they're
located.
But
we
don't
capture
that
in
that
statistic,
right
of
how
much
a
single
bedroom
apartment
costs,
so
those
are
kind
of
the
areas
that
we.
I
I
Thank
you,
madam
chair,
and
I
think
that
might
have
gotten
a
little
bit
of
the
answer
from
that
last
question.
But
I
was
just
really
very
specifically
on
what
what
it
is
we're
hoping
to
capture
by
delineating
where
the
landlord,
the
state
and
county
in
which
the
landlord
is
domiciled
and
sort
of
what
the
benefit
would
be
of
gathering
that
information.
K
Thank
you
for
the
question,
assemblywoman
peters,
for
the
record.
This
is
in
part
a
part
of
what
is
market
driver
right.
Is
it
out
of
state
investment
coming
into
nevada
that
are
driving
some
of
these
prices
to
go
up
or,
and
are
we
seeing
like
more
units
held
by
people
who
don't
live
in
the
state
of
nevada,
in
which
case
those
dollars
are
not
staying
in
the
state
of
nevada?
That's,
I
think,
important
information
to
know
about
our
housing
market.
Again,
there's
no
decision
being
made
based
on
this
data.
I
C
Thank
you
round
chair,
and
so
my
question
is
about
so
I
understand
who
has
access
to
the
database?
Is
it
just
the
housing
division
of
the
department
of
business
and
industry?
Is
it
landlords
property
managers
who
would
have
access
to
this
information.
K
Thank
you
for
the
question,
assemblywoman
peters,
for
the
record,
so
it
would
be
housed
in
the
database
with
the
housing
division
under
bni
and
then
we
would-
and
I've
actually
been
trying
to
to
work
towards
this.
K
How
would
we
pull
that
information
and
and
do
the
statistics
right
now?
The
division
of
housing
doesn't
have
that
capacity.
I
want
I.
I
would
love
for
us
at
the
legislature
to
be
able
to
to
see
that
information
come
through,
but
I'm
not
sure
we
have
the
capacity
in
house
to
be
able
to
do
that.
So
I've
reached
out
to
a
couple
of
unr
statisticians
and
economists
about
potentially
working
together
on
that
piece.
K
C
Okay,
thank
you
and
follow-up,
yes,
assembly,
member
hardy.
Thank
you,
okay.
So
thank
you
for
that
answer,
because
I'm
just
curious
and
have
a
little
bit
of
concerns
about
the
privacy.
You
know
we're
asking
for
the
name
of
the
landlord.
C
You
know
specific
addresses
name
of
the
property
manager
real
estate
broker.
That
just
seems.
H
Like
a
lot
of
information,
that's
there
could
be
some
concerns.
There.
C
If
we're
getting
such
detailed
information
about
people,
so
could
you
talk
a
little.
K
Absolutely
again,
sarah
peters,
for
the
record-
it's
it's
really
to
assist
in
the
trend
analysis.
So
the
current.
What
program
that
we
are
trying
to
piggyback
on
it
doesn't
have
an
ability
to
process
multiple
properties
under
one
entity
and
the
build
out
for
that
is
cost
prohibitive.
So
the
landlord
information
is
already
a
required
part
of
that
database
that
existing
database.
K
So
that's
a
part
of
why
it's
included
in
the
bill
that
also
helps
us
correlate
how
many
properties
a
single
individual
would
own,
so
that
helps
us
set
the
trends,
but
I
am
very
aware
of
the
concerns
around
privacy
if
we
feel
that
pressure
regularly
right
so
very,
very
attuned
to
that,
the
access
to
this
data
would
not
go
beyond
what
the
current
access
to
the
data
is,
as
it
relates
to
personal
pro
personal
information,
it
would
be
aggregated
before
it
gets
to
an
outside
party
to
do
the
the
data
trend
analysis
right,
so
we
wouldn't
be
publishing
any
information
related
to
where
somebody
lives
or
the
name
of
a
person
if
it's
not
readily
available
well
in
any
manner.
K
I
wouldn't
want
that
out
out
there
at
all,
although
to
be
fair
I
mean
you
can
look
at
the
assessor's
office
right
and
see
who
owns
property
and
the
personal
information
of
the
person
who
owns
that
property
depending
on
how
they
have
submitted
the
information
so
but
yeah
no,
we
would
be.
We
would
be
careful
with
that
data.
K
B
Good
afternoon
committee,
thank
you,
assemblywoman
peter
steve,
across
administrative
nevada,
housing
division
for
the
record.
Currently
we
contract
our
existing
housing
database
with
a
national
firm.
That
really
does
this
for
a
number
of
state
housing
finance
agencies
to
go
back
to
the
previous
question.
What
we
would
need
to
do
to
ensure
that
that
confidentially
is
confidential
confidentiality
is
held,
is
to
work
with
this
agency
and
make
sure
that
they're
abiding
by
the
state
protocols
that
exist
regarding
personal
information.
A
Okay,
I
have,
I
do
have
a
quick
one
for
you
assembly,
member
peters,
in
the
in
the
amendment
section,
there's
a
new
sub
section,
three
in
section
one
that
just
says
you
know.
A
K
Thank
you
for
the
question:
assemblywoman
peters,
for
the
record,
no
and
in
part
because
at
this
point
in
time
we
don't
know
we
need
the
enforcement
right,
it
could
be
voluntary
and
we
could
get
enough
data
for
that
voluntary
effort
to
be
fine.
So
so,
at
this
point,
no
we're
not
putting
dollars
in
effort
towards
ensuring
that
that
piece
is
complied
with.
K
But
I
do
think
that
it
is
an
important
piece
in
that
public-private
partnership
of
ensuring
people
know
that
this
is
in
the
statute
and
required
of
home
of
landlords
to
do,
and
hopefully
we'll
get
more
people
to
participate
in
this
data
gathering
effort.
A
J
It
was
just
assemblywoman
peters
you,
you
happen
to
mention
the
tax
assessor's
office,
and
I
could
see
that
this.
You
know
information
wouldn't
be
all
you
know,
comprehensive
and
and
per
the
tax
assessor's
office.
J
You
can
just
run
a
report
that
shows
a
mailing
address
other
than
the
residence,
and
that
gives
you
a
good
idea
of
people
who
own
property
that
are
not
living
there
and
you
could
have
a
easy
database
of
what
would
most
likely
be
investment
or
rented
out
property,
and
you
can
just
pull
that
now
from
the
tax
record
without
infringing
on
the
confidentiality
of
the
rental
amounts,
and
things
like
that.
So
just
a
suggestion
that
that
report
could
be
pulled
fairly
easily.
K
We
did
sorry
assemblywoman,
peters,
sorry,
our
research
division,
who
assisted
me
with
this
bill,
did
reach
out
to
the
counties
the
larger
counties,
washoe
and
clark
county
about
what
was
available
through
the
tax
assessor's
office,
and
there
was
you're
right
a
way
for
us
to
kind
of
guess
which
houses
would
fit
into
this
criteria.
But
we're
really
looking
at
the
market.
Drivers,
which
is
you
know
where
are
rent
set
and
why
so
that
wasn't
captured
under
that
data.
A
E
C
My
name
is
annette
magnus
and
I'm
the
executive
director
of
battleborn
progress,
accountability
for
landlords,
there's
always
a
comment
or
question
that
we
should
focus
on
bad
actors
and
not
innocent
mom
and
pop
landlords
resolves
that
problem.
Zillow
is
not
the
answer.
What
is
in
this
bill
is
the
answer.
Today
is
homelessness
and
housing
awareness
day
today
and
every
day
we
must
take
steps
to
protect
nevadans
from
landlords
who
are
taking
advantage
of
them.
We've
seen
this
throughout
this
pandemic.
C
This
is
one
of
the
best
steps
we
can
do
to.
We
can
do
to
address
that.
We
need
a
landlord
registry
in
order
to
have
better
transparency
and
accountability
and
actually
identify
bad
actors
throughout
the
state.
This
is
not
an
overreach
with
all
of
the
issues
we
have
seen
over
the
last
year.
This
data
is
what
we
need
to
gather,
so
we
can
start
to
address
the
real
issues
that
exist
in
our
markets
in
the
state.
This
bill
is
a
start
and
a
baseline
for
that
data,
so
we
can
make
better
decisions
about
housing.
E
B
Afternoon,
chair
members
of
the
community
for
the
record,
my
name
is
ben
innis,
that
is
b-e-n-I-n-e-s-s.
I'm
a
social
work
intern
with
the
progressive
leadership
alliance
of
nevada
here
in
support
of
assembly
bill
332
landlord
registries,
promote
safety,
stability
and
accountability
in
the
rental
market.
They
allow
local
authorities
a
simple
way
to
identify
and
contact
the
owner
of
a
property
if
necessary.
Rental
registration
programs
also
help
identify
the
full
scope
of
our
rental
housing
market,
but
we
often
hear
anecdotal
evidence
that
policies
will
have
impacts
on
tenants
or
rents.
B
E
B
B
B
Other
states
have
passed
registries,
other
municipalities
have
passed
them
and
it's
done
a
great
job
out
there,
and
I
just
want
to
read
a
quick,
a
quick
summary
from
from
an
faq
from
another
state.
Why
do
we
need
a
landlord
registry?
Landlord
rental
process
is
currently
unregulated.
Anyone
could
put
up
a
free,
a
for
rent
sign
in
front
of
a
property
at
any
time.
In
many
cases,
identifying
the
landlord
is
very
difficult
due
to
property
being
registered
under
the
llc
or
an
out-of-state
owner.
This
is
to
hold
it.
B
This
does
that
it's
hard
to
hold
negligent
landlords
accountable
for
properties
that
are
negatively
impacting
their
tenants
and
the
surrounded
neighborhoods.
This
is
from
a
realtor
association
out
in
indiana
my
board.
They
mibor
realty.
They
are
in
support
of
their
own
family
registry
and
we
should
all
be
in
support
of
the
landlord
registry
as
we're
able
to
keep
accountable
those
bad
actors.
Thank
you.
So
much.
E
F
Hi,
this
is
daley
bortolin
b-o-r-t-o-l-I-n,
with
the
nevada
coalition
of
legal
service
providers.
We
just
wanted
to
thank
assemblywoman
peters
for
bringing
this
bill
and
state
for
the
record
that
we
are
in
support.
We
often
work
in
the
area
of
tenant
protections,
especially
this
year
and
in
the
policy
world.
F
We
often
hear
that
tenant
protections
if
passed,
would
cause
chaos
and
wreak
havoc
in
our
market.
But
if
tenant
protections
are
on
the
flip
side
needed
we're
told
the
market
will
correct
itself,
so
I
think
it
would
be
incredibly
helpful
to
just
have
some
more
information
about
what
that
market
is,
so
we
can
make
informed
decisions
from
there.
Thank
you.
E
E
A
E
H
We
want
to
thank
sponsor
assemblywoman,
sarah
peters,
for
proactively
reaching
out
to
us
being
with.
H
H
Nonetheless,
we're
going
to
continue
to
work
with
the
sponsor
here,
primarily
as
a
data-driven
organization
and
one
that
strives
to
operate
in
the
utmost
transparency,
we
support
rental
rate
information
being
made
public.
We
see
this
as
a
positive,
the
more
we
know
the
more
we
can
adjust
as
an
association,
especially
over
the
last
years.
Nevada,
tenants
and
landlords
have
weathered
this
pandemic
and
endured
the
eviction
moratorium.
H
The
apartment
association
has
routinely
provided
rental
data
to
various
counties,
the
governor's
office
and
really
many
of
you
legislators
that
sit
on
this
committee
were
always
a
resource.
If
you
have
a
constituent
that
lives
in
an
apartment
association
community,
we
rush
to
get
that
information
to
you
and
hopefully
make
a
change.
We
really
appreciate
this
bill's
push
to
make
nevada
more
transparent,
which
we
think
is
critical
in
the
battle
to
increase,
accessibility
and
affordable
and
affordability
and
we'll
continue
the
work
on
av-332.
E
A
K
K
K
Lastly,
I
just
want
to
express
my
gratitude
to
the
nevada,
housing
division
for
their
time
and
effort
on
helping
me
find
a
way
to
make
this
bill
work.
Their
enthusiasm,
enthusiasm
for
affordable
housing
is
apparent,
and
we
should
be
grateful
for
the
work
they
do
to
connect
nevadans
with
homes.
This
is
quickly
becoming
the
most
needed
service
in
nevada.
A
Thank
you
assembly,
member
peters,
with
that
I
will
close
the
hearing
on
assembly
bill
332..
Okay,
remember
the
last
item
on
our
agenda
today
is
assembly
build
382.
L
L
I'm
joined
by
bonnie
latrell
of
the
student
borrower
protection
center
to
assist
me
in
presenting
this
bill.
Today,
more
than
330
000
nevada
residents
owe
student
loan
debt
totaling
more
than
11.5
billion
dollars
between
2010
and
2020.
L
L
L
One
in
five
borrowers
over
the
age
of
60
is
also
delinquent,
putting
their
social
security
and
retirement
at
risk
and
exacerbating
financial
insecurity
and
poverty.
Among
our
seniors,
these
loans
cannot
be
discharged
in
bankruptcy,
leading
to
ballooning
balances
that
can
follow
and
weigh
on
families
for
decades.
L
We
already
do
this
for
banks,
credit
unions,
mortgage
lenders,
installment
lenders,
debt
collectors,
check,
cashing
title
loans
and
payday
loans
in
the
state,
and
I
believe
it's
time
that
we
update
our
laws
to
cover
student
loans,
which
are
the
fastest
debt
market
fastest
growing
debt
market,
both
here
in
the
state
and
across
the
country.
L
L
M
Thank
you
so
much
chairwoman
how
to
get
members
of
the
committee
I'm
brother
record.
My
name
is
bonnie
letrell
and
I'm
the
director
of
research
and
advocacy
at
the
student
borrower
protection
center.
I
previously
served
as
a
federal
regulator
of
the
student
loan
market
at
the
consumer,
financial
protection
people,
and
it's
with
that
perspective
that
I'm
here
today
and
I've
seen
what
student
loan
servicing
failures
can
do
to
already
struggling
borrowers.
I've
seen
how
transcript
withholding
can
put
students
into
a
vicious
cycle
of
economic
immobility
and
I've.
M
Seen
the
high
pressure
bait
and
switch
lending
tactics
can
drive.
Private
student
loans
can
drive
people
into
private
student
loans
they're
quite
literally
designed
to
fail.
You've
already
heard
the
numbers,
but
I
think
they're
worth
repeating.
45
million
borrowers
owe
a
collective
1.7
trillion
in
outstanding
student
loan
debt.
M
M
This
legislation
changes
that,
by
replicating
the
approach
to
oversight
that
nevada
has
already
implemented
across
these
other
products.
It's
important
to
make
clear
that
this
legislation
is
not
about
loan
forgiveness.
This
legislation
doesn't
give
anyone
a
free
ride.
This
bill
is
simply
about
making
sure
that,
when
more
than
300
000
nevadans
go
to
make
their
student
loan
payment,
they
have
the
same
rights
that
they
would
have
if
they
were
paying
their
mortgage
or
their
credit
card.
M
This
bill
is
modeled
off
of
what
is
now
law
and
more
than
a
dozen
states,
an
encroach
an
approach
endorsed
by
both
borrowers
and
the
largest
student
loan
servicer
in
the
country
alike.
Av-382
creates
strong
rules
of
the
road
for
the
large
out-of-state
companies
that
are
determining
the
financial
future
of
your
constituents.
M
This
bill
ensures
that
nevada
residents
can
continue
down
the
long
road
of
economic
recovery
from
the
latest
economic
crisis
by
relying
on
their
education
for
a
path
forward.
M
This
bill
will
let
nevada
identify
the
servicing
practices
that
are
harming
your
constituents
and
stop
them
in
their
tracks.
You
create
systemic
changes
so
that
everyone
benefits
we'll.
Let
you
stand
up
for
your
constituents
to
make
sure
they're
protected
and
will
let
you
make
sure
that
these
companies
are
following
the
law
with
that
like
to
thank
you
for
your
time
and
I
look
forward
to
your
questions.
L
L
We
were
able
to
create
the
office
of
the
student
loan
ombudsman
within
the
treasurer's
office
to
provide
a
single
point
of
contact
who
can
assist
student
borrowers
in
trying
to
negotiate
the
best
terms
possible,
but
without
some
of
these
additional
consumer
protections
and
without
the
integration
of
some
of
our
other
financial
watchdogs,
it
makes
it
difficult
for
for
people
that
are
experiencing
some
of
the
stories
that
miss
latrell
shared
to
to
access
recourse
and
and
to
address
these
problems.
L
With
that
I'd
like
to
walk
you
through
the
bill,
I
know
it
has
many
inspections
I'll,
try
and
be
relatively
brief,
so
that
we
can
then
turn
it
over
to
any
questions
that
you
may
have
sections
2-13
and
section
52
outline
key
definitions
of
note.
Section
8
distinguishes
private
loans
from
other
types
of
loans
from
banks
and
federal
programs
loan
through
various
institutions,
section
12
defines
what
a
student
loan
servicer
is
and
and
that's
what
a
lot
of
this
focuses
on.
L
L
Servicing
section
15
requires
those
engaged
in
servicing
student
loans,
other
licensed
banks
and
their
holy
owns
other
than
licensed
banks
in
their
holy
own
subsidiaries
to
become
licensed
by
the
financial
institutions,
division
or
fid
sections
16-19
outline
typical
application
and
license
requirements
of
applicants
to
the
division
that
would
apply
to
student
loan
services
under
ab382
includes
an
application
fee
background
checks,
a
bond
etc,
and
this
aligns
with
how
other
entities
are
handled
by
fid
section
20
exempt
servicers
that
are
engaged
by
the
federal
department
of
education.
L
The
service
federal
government
issued
student
debt
for
many
of
the
licensure
requirements
of
the
bill.
The
commissioner
retains
the
authority
to
determine
if
the
servicer
is
engaged
in
other
types
of
loan
servicing.
That
would
require
full
licensure,
and
what
this
does
is
ensures
that
the
state
isn't
preempting
the
federal
government
and
the
standards
for
the
services
it
contracts
with.
That
said,
they
would
still
be
held
to
the
responsibilities
and
upholding
the
rights
throughout
the
rest
of
this
bill.
L
Sections
22
through
26
and
section
29
outline
the
conditions.
A
licensee
must
meet
to
maintain
and
renew
licensure,
which
are
modeled
after
best
practices
with
other
similar
license
types
overseen
by
fid.
So
you'll
see
a
recurring
theme
in
this.
Is
that
we're
borrowing
from
other
statute
and
other
processes
in
place
for
other
financial
services
and
use
applying
those
to
student
loan
services
now
section
27
is
where
the
the
bill
of
rights
really
begins
and
establishes
a
series
of
clear
borrower.
Protections
subsection
1,
a
and
b
provides
for
a
prompt
response
to
inquiries
made
by
borrowers.
L
Subsection
4
requires
a
servicer
to
evaluate
eligibility
for
options
like
income
driven
repayment
before
placing
a
default
a
borrower
in
default
or
forbearance.
This
is
another
best
practice
for
helping
a
borrower
avoid
negative
credit
impacts,
even
if
the
options
are
not
the
most
advantageous
economically
for
the
servicer
and
again
what
this
really
comes
down
to
is.
It
doesn't
make
sense
to
force
someone
into
default
when
they
can
already
demonstrate
that
they're
having
difficulty
repaying
and
should
qualify
for
those
modifications.
L
In
less
than
90
days
of
delinquency,
section
33
protects
service
members
who
have
become
permanently
or
totally
disabled
and
others
who
have
permanent
disability
expected
to
result
in
death
by
requiring
all
efforts
to
monitor
their
disability
status
or
collect
on
the
private
loan
to
cease.
This
is
an
existing
protection
for
federal
student
loan
loan
borrowers
section
34
requires
that
private
lenders
make
borrowers
aware
of
their
rights
and
access
to
repayment
options
prior
to
refinancing
an
existing
student
loan.
L
It's
important
that
borrowers
have
ready
access
to
all
of
their
options
when
making
these
decisions,
and
this
bill
would
ensure
this
happens.
Every
time
nevada
borrowers
are
being
offered
refinancing
section
35
clarifies
that
private
education
lenders
cannot
advertise
and
take
actions
like
garnishment
to
enforce
provisions
that
are
not
legal
under
sections.
31-34
of
the
bill.
L
Subsection
4
of
section
37
includes
standard
language
that
allows
fid
to
recoup
investigatory
and
regulatory
costs
in
the
same
manner
as
other
license
types
pursuant
to
nrs.
Chapter
658,
section
38
further
adds
to
the
provisions
of
section
37
to
include
authorization
of
the
commissioner
to
pass
through
regulatory
costs
to
licensees
sections.
44
and
45
authorize
a
private
right
of
action
of
a
borrower
who
has
been
negatively
impacted
by
the
violations
of
this
act.
L
Section
53
bans
a
post-secondary
institution
from
withholding
transcripts
or
services
as
a
means
of
debt
collection,
transcripts,
enable
students
to
become
employed
or
transition
into
their
next
academic
program,
which
should
ultimately
help
the
student
meet
their
financial
obligations.
This
section
does
go
on
to
authorize
institutions
to
adopt
rules
around
services
that
can
be
withheld
for
default.
L
Section
54
outlines
transparency
report
for
all
post-secondary
that
correlates,
with
data
already
being
provided
to
the
us
department
of
education
and
what,
if
any,
problems
have
been
identified
that
may
guide
the
commissioner
or
policy
makers
to
enhance
oversight
of
this
market.
L
A
J
Thank
you
chair
and
thank
you,
assemblyman
watts,
I'm
shocked,
as
you
said
at
the
beginning,
that
we
didn't
have
a
lot
of
these
controls
information
already
in
statute.
I'm
I'm
actually
shocked
to
to
find
out.
We
didn't
have
a
lot
of
this.
I
would
have
thought
we
did
so
this
seems
very
good
to
present.
My
question
is
on
the
bill.
J
I
see
that
it
there
is,
requires
a
two-thirds
majority
vote
or
I
guess
that's
because
of
a
tax
implication,
and
I
don't
see
why
that's
on
the
bill,
because
this
looks
like
the
burden
is
on
the
institutions
to
comply
and
regulations
and
transparency.
J
L
L
If
you
look
on
page
7
of
the
bill
on
lines,
26
and
27
you'll
see
that
there
are
licensing
and
investigation
fees
or
to
the
licensure
of
these
entities,
and
this
again
is
the
same
process
that
fid
uses
for
other
lenders
and
financial
institutions,
and
this
covers
the
cost
of
the
time
to
again
review
some
of
this
paperwork
and
and
issue
a
license
to
a
servicer.
So
those
fees
are
what
trigger
the
the
two-thirds
requirement
on
the
bill.
I
Totals
yes
thank
you
chair,
and
thank
you
to
the
sponsor
for
having
some
conversations
and
dialogues
before
this
hearing,
and
I
want
to
ask
a
few
of
those
questions
so
that
we
can,
you
know,
get
that
clear
on
the
record
and
then
and
if,
if
that's
okay,
madam
chair,
just
a
few
quick
questions
and
then
I
actually
have
to
go
present
to
bill
so
we'll
see
if
I
can,
hopefully
don't
get
called
in
the
middle
of
it.
So
one
of
them
was.
I
I
had
a
question
as
I
read
the
bill
that
you
know
the
the
language
specifically
relates
to
each
person,
and
I
believe
that
that
standard
language,
my
initial
concern
was
you
know,
were
we
gonna
have
to
have
each
individual
who
acts
as
a
servicer,
a
service
provider
and
in
other
words
each
individual
employee
of
a
company
that
acts
as
a
service
provider
have
to
go
through
this
extensive
background
check,
cpa
process,
audit
process
pay
each
of
the
individual
fees,
and
I
just
wanted
to
get
that
clear
on
the
record
that
that
is
not
how
that
would
apply.
L
Is
correct,
I'll
leave
that
one
back
and
watch
it
hop
over
so
for
the
rest
of
the
members
that
is
correct.
This
would
regulate
the
institutions
themselves,
the
businesses,
not
every
employee
within
them.
In
fact,
if
you
look
in,
I
believe
it's
chapter
604a
that
deals
with
check,
cashing
services,
title
loan
services,
payday
lending
services.
L
If
you
look
at
those
legislative
declarations,
they
also
use
the
same
language
around
any
person,
of
course,
and
I
would
defer
to
legal
if
anyone
wants
additional
clarity
on
this.
But
of
course
a
person
also
includes
a
corporation
under
our
statutory
definitions,
and
so
the
way
that
this
is
actually
carried
out
and-
and
you
could
also
follow
up
with
fid-
perhaps
when
they
testify
in
neutral-
is
that
this
is
aimed
at
just
the
companies
themselves.
L
A
Thank
you,
mr
watson.
I
do
want
to
let
the
members
know
that
we
do
have
miss
olaf
from
fid
on
the
phone
and
she's
available
to
answer
any
questions
as
well.
In
addition
to
her
neutral
testimony
assembly,
member
dickman,
I
believe
we
have
questions
from
you.
C
Thank
you,
madam
chair,
and
thank
you
for
this
bill
to
clarify
these
issues.
I
just
have
a
quick
question
in
section,
and
I
know
you
said
that
a
lot
of
this
language
was
from
federal
requirements
and
regulations.
So
in
section
33,
sub
section
6b,
I
was
just
wondering
it
says-
is
unable
to
engage
in
any
substantial
gainful
activity,
blah
blah
blah
that
has
lasted
for
a
continue
continuous
period
of
not
less
than
12
months.
L
Thank
you
for
the
question.
Assemblywoman
dickman
howard
watched
the
record.
First,
let
me
clarify
that
nothing
about
this
bill
does
anything
around
student
loan
forgiveness.
I
know
there's
been
a
lot
of
conversations
about
that,
particularly
at
the
national
level.
This
bill
does
nothing
to
remove
any
borrower's
obligations
to
repay
the
the
loans
that
they
have
incurred.
L
What
this
does
and
this
you
are
correct.
This
uses
some
existing
language
to
define
persons
with
these
disabilities
and
again,
if
you
had
a
federal
student
loan,
you
would
actually
already
enjoy
some
of
the
protections
from
certain
debt
collection
practices.
A
Okay,
I
do
have
a
quick
question
and
mr
white,
I'm
not
sure
if
this
would
be
more
directed
towards
mr
laughlin,
but
or-
and
you
might
know
the
answer
to
this,
do
you
know
how
many
private
these
private
lenders
we
currently
have
lending
in
nevada
that
were
pr
or
servicers.
A
L
M
All
right,
thank
you.
Thank
you,
chairwoman,
bonnie
latrell
for
the
record,
so
we
with
the
student
loan
servicing
market.
We
can
expect
approximately
65,
servicers
or
65
licenses
and
that
and
that's
based
on
what
we've
seen
in
other
states.
I
mentioned
in
my
remarks
that
that
this
bill
is
law
in
about
a
dozen
other
more
than
a
dozen
other
states,
and
so
because
most
of
this
market
that
was
handled
by
third
party
servicing
it
doesn't,
it
doesn't
reflect
the
number
of
lenders
in
this
space.
M
So
we
see
lenders
popping
up,
left
and
right,
especially
with
the
emergence
of
both
the
the
fintech
industry
and
then
more
and
more
of
the
some
of
these
boot
camp
options
offering
loans,
but
they
by
and
large,
tend
to
service
the
loans
and
manage
repayment
through
third
party
companies,
and
so
that's
about
65
companies
for
65
licensees.
A
Perfect
that
answered
my
question
and
then
just
my
next
question
and
I
didn't.
Maybe
it
is
in
here
and
I
just
missed
it,
but
what
happens
to
a
student's
loan
who's
being
serviced
by
one
of
these
65
servicers?
If
these
one
of
these
servicers
loses
their
license
in
the
state
safe
or
non
for
non-failure
to
pay
their
renewal,
if
they
are
not
in
compliance,
they
lose
their
license.
What
happens
to
those
loans.
L
This
is
someone
watched
the
record.
Ms
latrell,
would
you
like
to
answer
that
one.
M
This
is
bonnie
latrell
for
the
record,
so
for
for
autumn
for
the
federal
student
loan
servicers,
I
think
it's
important
to
clarify
that
there's
an
automatic
licensing
provision,
so
they
won't
have
their
licenses
revoked,
and
so
that
means,
if
your
loan
is
from
the
federal
government,
the
the
fake
can't
revoke
the
license,
but
it
does
have
the
authority
to
enforce
all
of
the
other
provisions
of
the
law,
which
means
if
the
servicer
violates
a
lot,
they
can't
revoke
the
license,
but
they
do
have
all
the
other
penalties
associated
with
it
for
the
private
market.
M
A
Yeah-
and
I
think
that's
where
my
question
would
be
so
like-
I
just
want
to
make
sure
that
the
student
would
wouldn't
be
penalized
right
so
like
if
they
try
to
send
their
payment
to
a
servicer
who
isn't
licensed
in
the
state
that
there's
the
student
in
no
way
would
be
another
student.
But
the
borrower
in
no
way
would
be
analyzed
or.
L
I
appreciate
that,
thank
you
for
the
question
chair
how
to
be
howard,
watts
to
the
record,
and
perhaps
fid
would
also
like
to
speak
to
this,
but
my
understanding
would
be
in
in
a
case
where
one
of
these
servicers
had
their
license
revoked.
L
In
addition,
I
think
the
way
that
that
would
really
work
is
by
no
longer
being
able
to
service
those
they
would
have
to
they'd
have
to
transfer
any
any
servicing
in
this
state
to
another.
L
Servicer
and
they'd
have
to
transfer
those
loans,
and
then,
thankfully,
we
do
have
provisions
in
this
bill,
so
they'd
have
to
transfer
it
to
another
licensed
servicer,
and
we
have
provisions
in
place
in
this
bill
to
make
sure
that
the
documents
are
kept
and
that
that
the
payments
can
follow
so
that
they
don't
slip
through
the
cracks
and
we
don't
have
consumers
on
the
hook.
For
those.
If
that
issue
were
to
occur,
you
laid
out.
H
Good
afternoon,
chair.
B
Thank
you
chair.
I
think
you
said
that
this
or
mr
watts,
that
this
is
in
approximately
12
other
states
has
the
bill
or
similar
legislation
improve
the
collections
or
the
fulfillment
of
student
loans.
L
Thank
you
for
the
question
assemblyman
on
howard
watts,
to
the
record.
Well,
I
would
say
this
I'd
say
that,
as
this
legislation
has
been
enacted
in
various
states,
it
has
improved
the
practices
of
servicers
in
general.
You
know,
I
think,
especially
some
of
the
larger
institutions
realize
that
this
is
the
direction
that
things
are
moving
in
and
have
incorporated
these
as
their
own
best
practices.
Some
of
them
frankly
had
them
before,
and
you
know
I
want
to
recognize
and
appreciate
that,
so
I
I
think
it
really
has
led
in
to
some
improvement.
L
L
I
would
if,
if
it's
alright,
the
chair
asks
miss
latrell.
If
there's
any
evidence
that
she
would
like
to
share
as
she's
worked
on
some
of
these
measures
in
in
other
states,.
M
Thank
you.
This
is
bonnie
latrell
for
the
record.
I
can
yes,
it
has
been
absolutely
effective.
We've
seen
states
it
able
to
take
through
supervisory
action
efforts
to
remediate
problems
for
student
loan
borrowers
before
it
has
to
be
referred
to
law
enforcement.
That
saves
the
company
a
lot
of
money.
It
saves
company,
you
know
a
lot
of
public
news
and
it's
better
for
the
state,
because
borrowers
can
have
problems
solved
before
they
even
know
there
are
account
errors.
M
I
would
also
add
that
this
has
been
so
effective
that,
as
the
u.s
department
of
education
is
renewing
its
contracts
with
its
its
own
federal
student
loan
servicers,
it
has
explicitly
incorporated
requirements
to
comply
with
these
bills
and
it's
looking
for
these
bills
as
the
basis
for
which
the
terms
it's
going
to
require.
A
E
B
B
We
rise
in
support
of
ab-382,
which
creates
helpful
and
necessary
protections
for
borrowers
of
student
loans.
The
bill
would
require
lenders
to
present
alternative
payment
repayment
options
to
borrowers,
respond
in
a
timely
manner,
conform
to
record
retention
and
servicing
transfer
laws
and
not
punish
borrowers
credit
or
assign
late
fees
for
mistakes
on
their
end
for
schools
and
institutions,
they
would
not
be
able
to
push
loans
which,
with
which
they
have
a
financial
interest,
stop
from
denying
transcripts
as
a
form
of
collection
practice
advance
the
use
of
misleading
marketing
about
their
graduate
success
rates.
B
Finally,
give
borrowers
disability
discharge
in
the
event
the
student
becomes
totally
and
permanently
disabled.
All
these
measures
represent
simple
requirements
that
help
protect
students
from
being
defrauded
or
put
in
unnecessary
financial
stress,
especially
during
difficult
economic
circumstances.
As
student
loan
debt
continues
to
be
a
significant
barrier
for
young
people's
economic
advancement.
This
bill,
the
least
that
could
be
done
to
help
students
working
to
advance
their
careers
have
a
leg
up.
Thank
you
for
sponsoring
this
bill
to
assemblyman
watts,
and
we
look
forward
to
its
passage.
E
E
E
B
B
I
am
here
today
to
voice
my
support
for
ab382.
The
student
loan
borrower's
bill
of
rights
as
it
stands,
when
students
graduate
from
the
university
with
private
loans,
there
aren't
regulations
that
firmly
protect
students
from
predatory
practices
employed
by
private
loan
companies
and
federal
servicers.
B
E
D
L-U-K-I-T-H-I-A-G-E-E-O-R-G-E
thank
you
for
allowing
me
the
opportunity
to
speak
today
in
support
of
this
bill.
I
went
back
to
school
in
2011
as
a
young,
single
mother
of
two
daughters
and
a
son
wanting
to
create
a
better
life
for
all
of
us.
I
got
financial
aid,
but
it
didn't
cover
all
my
full
tuition,
so
I
needed
student
loans.
My
original
loan
was
for
twelve
thousand
dollars
and
with
interest
it
turned
into
forty
thousand
dollars.
Ten
years
later,
I
still
owe
thirty
thousand
dollars.
D
I
wasn't
even
able
to
finish
my
last
semester
because
my
financial
aid
situation
changed
and
I
could
no
longer
afford
the
tuition.
I
only
recently
learned
to
consolidate
my
loans.
No
one
explained
to
me
the
amount
of
interest
I
would
realistically
be
paying,
which
has
turned
out
to
be
three
times
as
much
as
the
money
I
borrowed.
I
understand
that
none
or
other
parts
of
the
bill
would
help
me
directly
at
this
time.
D
I
speak
in
support
because
I
believe
pieces
of
the
bill
would
help
others
in
the
future
avoid
some
of
the
traps
that
I
fell
into
my
daughters
face
significant
student
loan
debt
as
well.
They
both
were
awarded
grants
and
scholarships
to
go
to
school,
but
that
wasn't
enough.
One
of
my
daughters
now
has
a
very
good
job
with
the
county,
but
with
the
amount
of
school
debt
she
has,
I
am
afraid
about
how
she
will
pay
it
off.
There
are
parts
of
this
bill
that
I
hope
would
never.
D
We
would
never
have
to
use
like
protecting
our
credit
scores
if
the
loan
company
makes
a
mistake
or
the
disability
protections,
but
hearing
some
of
the
horror
stories
of
others
who
have
those
issues,
we
would
feel
a
lot
better
that
they
could
that
that
wouldn't
happen
to
us.
If
this
bill
passes.
That's
why
I
urge
your
support.
Thank
you
for
your
time
and,
of
course,
I'd
be
glad
to
answer
any
questions.
E
C
A-L-E-X-A-R-A-N-G-E-L
thank
you
chair
and
thank
you
committee
members.
I
am
a
student
at
the
university
of
nevada,
reno
and
the
director
of
the
department
of
legislative
affairs
for
the
associated
students
at
the
university
of
nevada.
I
am
here
today
to
give
my
opinion
in
support
of
bill
ab382
and
to
ensure
that
student
voices
are
being
heard.
C
The
associated
students
and
I
have
passed
legislation
within
our
student
government,
titled
senate
resolution,
88
a
resolution
in
support
of
ab32.
We
represent
the
students
and
we
will
continue
to
fight
for
what
is
in
their
best
interest
and
ab382
is
one
of
those
bills.
It
is
no
secret
that
the
student
loan
crisis
has
impacted
so
many
students
and
graduates
nationwide,
and
it
is
no
secret
that
private
loan
and
federal
services
services
companies
continue
to
take
advantage
of
students
and
their
parents
who
at
times
may
be
co-signing
these
loans.
C
With
there
being
333
thousand
100
student
loan
borrowers
in
the
state
of
nevada
and
on
average
they
are
taking
out
thirty
four
thousand
seven
hundred
dollars
of
debt
per
individual
and
already
having
the
burden
to
figure
out
the
means
and
how
they
will
pay
back.
Their
student
loans-
they
do
not
need
to
deal
with
the
other
stress
factors
that
these
private
loan
companies
and
federal
loan
servicers
have
created.
By
passing
this
bill,
the
assembly
will
exemplify
its
support
for
students
in
helping
fight
off
these
predatory
practices
employed
by
private
loan
companies
and
federal
services.
C
E
N
Good
afternoon,
madam
chair
and
committee
members,
my
name
is
sequila
ankartak
s-e-q-u-I-l-a
a-n-g
k-r-a-t-o-k,
I'm
a
former
student
with
a
bachelor's
of
a
current
student
at
unr
and
a
veteran
calling
to
support
my
to
voice.
My
support
of
ab382
student
bill
loan
of
rights.
As
a
35
year
old,
I
have
lived
under
a
massive
burden
of
student
debt.
My
whole
adult
life
coming
from
a
single
parent
family.
My
parent
did
everything
they
could
to
see
me
pursue
the
degree
I'd
wanted.
N
Since
I
was
a
little
girl,
as
is
incredibly
common,
a
large
private
loan
company
took
advantage
of
their
desperation,
even
though
they
had
incredibly
low
credit
scores
and
very
few
resources
to
pay
in
a
reasonable
amount
of
time.
They
offered
them
high
interest
private
loans
to
help
me
attend
several
of
them.
I
co-signed
myself
completely
unaware
as
a
young
person
about
interest
rates
and
the
effects
these
loans
would
have
on
us
down
the
road.
I
also
took
out
loans
through
my
school,
a
private
institution.
Little
did.
I
know
that
the
school
would
not.
N
Let
me
receive
the
diploma.
I
worked
so
hard
to
obtain
over
four
years
because
I
had
not
paid
off
my
loans
to
them
by
the
day
I
graduated.
I
walked
that
day
with
an
empty
diploma
sleeve.
It
took
me
years
to
pay
off
and
I
still
have
no
diploma
to
show
for
it.
My
debt
left
me
led
me
to
major
life
decisions.
I
joined
the
military
and
served
for
six
years
hoping
to
pay
off
my
debt,
while
serving
in
an
important
capacity,
unsuccessfully
working
hard
and
sacrificing
much.
N
I've
been
extremely
fortunate
to
have
only
ever
missed
one
payment
in
14
years,
without
the
help
of
my
parent,
and
I
was
immediately
penalized
affecting
my
credit
and
the
company
still
did
not
work
with
me
to
shift
the
burden
of
my
co-signed
loans
from
my
parent
completely
over
to
me.
Despite
her
complete
inability
to
pay,
please
help
protect
students
from
predatory
companies
and
private
schools
from
the
very
students
they
claim
to
be
bettering
through
education
by
supporting
ab382.
N
E
N
S-A-M-A-N-T-H-A-C-L-E-M-E-N-T-S
good
afternoon
committee,
thank
you
for
taking
the
time
to
hear
out
your
constituents
and
allow
me
to
speak
today.
My
name
is
samantha
clements.
I
am
a
student
at
the
university
of
nevada
reno.
I
am
also
the
policy
analyst
for
the
department
of
legislative
affairs
as
the
associated
students
of
the
university
of
nevada.
I
am
here
in
support
of
ab382.
N
I,
as
a
student
that
had
to
take
out
loans
to
go
to
college,
find
this
bill
incredibly
important.
When
applying
to
college.
I
had
a
very
serious
decision
to
make.
Either
I
took
out
student
loans
or
I
didn't
get
a
higher
education
and
not
getting
a
higher
education,
wasn't
an
option
so
the
age
of
17.
Before
I
could
even
vote,
I
had
to
make
the
decision
to
go
into
debt.
N
Having
the
protections
that
assembly
bill
382
provides,
gives
students
like
myself
a
sense
of
security
that
they
will
not
be
taken
advantage
of
by
student
loan
servicers
following
our
graduation,
I
am
not
the
exception
or
the
only
student
who
feels
this
way.
I
know
many
students
who
feel
the
exact
same
way.
I
know
students
who
work
full-time
jobs
for
minimum
wage,
because
that
felt
like
a
safer
option
than
going
to
college.
It
saddens
me
that
young
adults
will
give
up
their
academic
dreams
because
of
a
poorly
constructed
system.
N
Students
should
not
have
to
decide
between
struggling,
financially
or
getting
an
education
and
subsequently
a
better
career.
One
socioeconomic
status
should
not
define
their
ability
to
better
themselves
and
become
successful
assembly.
Bill
382
makes
this
decision
significantly
less
dichotomous
and
allows
for
students
who
may
have
believed
that
they
were
unable
to
get
an
education
to
do
so,
knowing
that
they
can
securely
pay
off
their
loans.
I
urge
members
of
the
assembly
to
support
assembly
bill
382..
Thank
you.
E
F
Hello,
my
name
is
amy
williams.
I
live
in
las
vegas,
I'm
a
mother
and
stepmother
of
five
children,
and
I
am
in
favor
of
ab382,
my
husband
accumulated
180
thousand
dollars
in
student
debt
for
his
I.t
bachelor's
degree.
He
got
in
2005.,
although
he
has
a
good
job
as
an
it
specialist.
It
is
a
massive
burden
on
our
family.
He
is
the
full
provider
I
stay
home
to
take
care
of
our
children,
two
of
whom
have
disabilities
and
one
who
battled
and
survived
leukemia
had
this
building
in
place.
F
When
my
husband
took
out
his
loans,
he
might
have
made
completely
different
choices.
If
the
honest
marketing
had
been
in
place,
he
would
have
known
how
much
he
was
realistically
going
to
earn
versus
the
amount
of
debt
he's
he's
accumulated,
I'm
all
about
paying
what's
owed,
but
the
extreme
extra
amount
from
interest
really
weighs
on
us.
The
anxiety
around
this
has
made
me
afraid
to
have
my
own
children
go
into
higher
education
because
I
want
them
to
live.
I
don't
want
them
to
live
with
the
same
burden.
F
My
family's
debt
situation
will
likely
not
be
helped
by
this
legislation.
We
hope
that
the
piece
is
on
permanent
disability
or
protecting
us.
If
the
loan
company
makes
a
mistake,
we
hope
those
never
come
into
play.
We
support
this
bill
to
help
students
in
the
future,
avoid
the
issues
we've
faced
and
to
feel
better
about
our
kids,
maybe
going
to
college
one
day.
Thank
you.
So
much.
E
C
C
E
E
F
S-A-B-R-A-N-E-W-B-Y
representing
the
university
of
nevada,
las
vegas,
and
I
am
calling
in
strong
support
of
ab382.
I
want
to
thank
assemblyman
for
bringing
this
important
bill
forward
in
support
of
our
students.
As
it's
been
discussed,
the
level
of
student
loan
indebtedness
is
very
high
nationally
many
private
lenders
take
advantage
of
students.
F
E
B
Thank
you.
My
first
name
is
joseph,
and
my
last
name
is
david.
I
am
an
extension
campus
senator
of
the
associate
students
of
the
college
of
southern
nevada
good
afternoon
members
of
the
assembly
committee
on
commerce
and
labor.
The
opportunity
of
abounding
potential
is
presented
here
today
through
issuance
of
necessary
procedures
for
the
benefit
of
the
students
of
nevada
assembly.
B
Bill
382
will
guard
against
any
possible
financial
insurrections
mounted
against
nevada's
students
who,
through
paying
for
their
education,
expect
not
to
wallow
in
the
mother
of
monetary
hurt
through
the
deception
and
the
lack
of
necessary
protections,
but
who
seek
instead
to
better
themselves
and
their
communities.
Thank
you.
E
N
Political
director,
with
one
api
in
nevada,
I
first
want
to
thank
assemblyman
watts
for
presenting
this
important
legislation.
We
advocate
on
behalf
of
the
growing
asian
community
here
in
nevada,
including
on
education
equity.
We
had
several
students
who
submitted
written
testimony
with
their
personal
stories
and
hope
that
you
consider
those
as
well
our
sister
organization,
acdc
works
with
the
state
treasurer
for
our
annual
college
readiness
boot
camp
to
prepare
students
for
financial
readiness
seminars,
a
critical
piece
of
college
readiness,
as
nevada
currently
has
the
sixth
highest
number
of
student
loan
defaulters
in
the
country.
N
According
to
a
study
by
the
center
for
law
and
social
policy,
asian
students
have
the
highest
unmet
financial
need
when
it
comes
to
higher
education,
and
the
majority
of
asian
students
are
first
or
second
generation
students
who
are
often
navigating
the
financial
aid
landscape
on
their
own.
Many
students
first
find
out
about
their
unmet
financial
need
when
they
enroll
in
college
and
do
not
have
the
resources
or
tools
necessary
to
understand
the
regulations
of
private
student
loans.
It's
critical
that
we
protect
students
and
families
from
the
rising
cost
of
college
and
predatory
student
loans.
N
E
F
Good
afternoon,
bailey
bortland
again
b-o-r-t-o-l-I-n
still
representing
the
nevada
coalition
of
legal
service
providers.
This
is
a
good
consumer
protection
bill.
So
me
too
thanks
bye,.
E
B
Maybe
hello,
my
name
is
robert
purdy
r-o-b-e-r-t
p-u-r-d-y,
hello,
I'd
like
to
thank
the
chair
and
assembly
members
for
having
me
testify
on
behalf
and
the
positive
for
this
bill.
I
believe
this
bill
is
a
crucial
first
step
in
protections
of
a
frankly
predatory
business
in
student
loans,
and
it
is
a
great
opportunity
for
the
nevada
legislature
to
show
that
it
puts
students
first.
A
Okay,
thank
you
so
much
broadcasting.
We
will
now
move
into
testimony
in
the
neutral
position
before
we
go
to
the
telephone
lines.
I
believe
we
have
commissioner
o'loughlin
here
from
nevada
fid.
We
can
start
with
ms
laflin.
M
M
This
bill
creates
a
new
chapter
to
license
and
regulate
student
loan
servicers.
We
appreciate
the
sponsor
and
requester
of
the
bill,
taking
the
time
to
discuss
a
series
of
technical
adjustments
with
the
financial
institutions,
division
to
align
the
fit
with
the
fed's
current
processes
for
other
regulated
entities.
We
look
forward
to
working
with
the
sponsor
and
requester
for
any
other
amendments
if
they're
needed.
Thank
you
for
your
time
and
I'm
open
to
any
questions.
E
E
H
The
commission
on
post-secondary
education
is
responsible
for
student
dignification
pursue
private
loans
in
the
case
of
institutional
closures
or
the
failure
of
an
institution
to
provide
the
contract
to
education.
This
bill
will
set
requirements
for
lenders
which
will
provide
greater
protection
for
student
borrowers
when
an
institution
closes.
The
commission
struggles
with
quickly
identifying
students
who
are
impacted
by
such
loans
and
having
the
nevada
regulations
will
assist
the
commission
providing
student
relief.
H
This
legislation
also
establishes
a
new
license
for
post-secondary
vocational
institutions
and
it
will
directly
impact
65
of
the
licensed
institutions
under
cpe
and
83
percent
of
the
applicants
that
are
in
our
application
process.
I
recently
sent
a
request
for
clarification
concerning
provisions
the
bill,
starting
on
section
52,
to
assist
the
commission
in
enforcing
the
provisions
of
the
legislation.
A
Okay,
thank
you
and
I
would
like
to
go
back
to
miss
laughlin.
If
you're
still
with
us,
I
moved
a
little
quickly
and
didn't
see
a
message
that
came
through
from
a
committee
member
that
had
a
question
if
you're
available
for
questions
miss
assemblymember
considine
has
a
question
for
you.
I
Thank
you
chair
and
my
question
is
for
commissioner
laughlin,
I'm
just
curious
how
the
licensing
costs
for
this
would
compare
to
any
of
the
other
institutions
that
you
regulate
and
how
that
would
cover
the
costs
for
the
regulation.
If
you
could
answer
that,
thank
you.
M
Thank
you
for
the
quick
question
san
diego
for
the
record.
The
fees
that
we
charge
for
licensing
are
similar
to
excuse
me
are
similar
to
our
fees
that
we
charge
for
any
other
regulated
licensee.
There's
we
haven't
they're,
not
more
for
this
particular
licensee
than
any
other.
I
And
I
just
had
a
follow-up.
I
didn't
my
second
part
of
that
question
was:
do
those
those
cost,
those
licensing
costs
to
those
cover
your
costs,
for
doing
something
like
this.
M
They
they
cover
yeah
they're
supposed
to
cover
our
costs,
and
so
we
haven't
taken
this
licensee
quite
yet.
So
we're
not
sure
what
the
volume
is
going
to
be
we're,
hoping
that
it
will
I'm
from
listening
to
the
support
questions,
I'm
thinking
we're
going
to
have
paints,
and
so
that
might
make
a
difference
with
with
how
many
people
we
need
to
regulate
it.
A
Thank
you
so
much
and
I
apologize
assemblymember
constantine
for
skipping
right
over
your
message
and
moving
on
to
neutral
and
thank
you,
miss
o'laughlin
for
sticking
around
and
answering
the
questions.
Okay,
seeing
no
other
callers
for
the
neutral
testimony,
I'm
going
to
bring
our
bill
sponsor
assembly
member
watts
back
up
for
any
closing
remarks.
L
Thank
you,
madam
chair
and
members
for
your
time
and
consideration
today
a
couple
things
I
mean.
I
think
that
we
heard
from
some
of
the
stories
that
were
shared
during
the
public
testimony
on
the
bill
why
this
is
so
important,
and
you
can
see
that
this
has
broad
support
for
members
of
our
community.
L
Now
again,
I
just
want
to
reiterate
that
we
are
just
using
some
of
the
same
standards
and
the
same
best
practices
that
exist
for
other
financial
institutions
and
applying
them
to
make
sure
that
student
borrowers
are
protected
within
our
state.
We're
also
trying
to
make
sure
that
some
of
the
protections
that
exist
for
federal
student
loans
apply
to
to
private
lenders
and
servicers
as
well
one.
The
other
thing
I'd
mention.
I
did
receive
the
correspondence
a
day
or
two
ago
from
the
commission
on
post-secondary
education.
L
A
You
it
looks
like
I've
been
muting,
mr
watts,
before
you
leave,
I
was
just
speaking
on
mute.
It
looks
like
we.
Secretaries
might
have
made
note
that
we
did
not
ask
for
testimony
in
opposition,
so
I
do
before
I
close
the
hearing.
I
do
want
to
make
sure
that
we've,
given
everyone
the
opportunity
to
testify
so
broadcasting.
If
we
could
please
check
the
telephone
line
to
see
if
there's
anyone
in
opposition.
A
A
Members
of
the
last
item
on
our
agenda
is
public
comment,
and
while
we
give
those
listening
over
the
internet
time
to
call
in,
I
am
going
to
go
through
our
public
comment
housekeeping
I'd
like
to
remind
everyone
that
public
comment
is
just
time
for
the
public
to
speak
about
general
matters
that
fall
within
the
purview
of
this
committee.
The
public
has
already
been
given
time
to
support
or
post
specific
legislation.
A
A
I'd
like
to
remind
those
listening
that
we
do
limit
public
comment
to
two
minutes
per
person
and
a
reminder
to
address
your
remarks
to
issues
that
fall
within
the
jurisdiction
of
commerce
and
labor.
If
you
direct
your
remarks
or
issues
elsewhere,
I
will
ask
you
to
redirect
them
or
terminate
them.
Please
be
respectful
of
committee
members
and
other
witnesses.
Do
not
comment
on
testimony
provided
by
other
speakers
and
do
not
make
personal
attacks.
You
may
always
submit
written
remarks
for
inclusion
in
the
meeting
record
with
that
broadcasting.
E
A
Okay,
thank
you
so
much
broadcasting
and
thank
you
committee
members.
I
would
like
to
remind
everyone
that
we
do
have
an
evening
agenda,
so
please
remember
to
jump
back
on
for
our
six
person
labor
meeting
with
that
we
are
adjourned.
Thank
you.