Buckley backing hard money oversight lending bill
Assembly Speaker Barbara Buckley, D-Las Vegas, on Wednesday backed a bill that would give investors access to regulatory ratings and examination results on hard-money lenders. With the exception of a hard-money lender, participants in an Assembly Commerce hearing generally spoke in favor of the bill.
The measure, Assembly Bill 144, would strike a provision that allows the state Mortgage Lending Division commissioner to keep secret the ratings and exams that could affect the welfare of the rating of 25 hard-money lenders or would give one a competitive advantage. Under the bill, the commissioner would be required to release the information to the public.