The House Committee on Financial Institutions 
         77th Legislature 
         June 4, 2002 
         10:00 a.m. 
         Capitol Extension, E1.014 
         Pursuant to a notice posted on May 3, 2002, the House Committee  
         on Financial Institutions met in a public hearing and was called  
         to order by the chair, Representative Solomons, at 12:35 p.m. 
         The roll was answered as follows: 
         Present:  Representatives Solomons; Denny; Getterman; Hopson;  
                   Menendez; Wise (6). 
         Absent:   Representatives Grusendorf; Marchant; Pitts (3). 
         A quorum was present. 
         Testimony was taken on Interim Charges #1-3 and 5 (See attached  
         witness list).  The charges read as follows: 
         1. Review the mortgage lending industry in Texas to determine  
         whether the expectations of the Mortgage Broker Licensing Act of  
         1999 and subsequent related legislation are being met. 
         2. Research trends and practices in the sub-prime lending market  
         in Texas and identify any issues of public concern in those  
         3. Review the practices of financial institutions to comply with  
         consumer privacy provisions of the Gramm-Leach-Bliley Act, and  
         assess the ease and convenience afforded customers in exercising  
         their choices. 
         5. Study the methods currently used to report pawnshop  
         transaction data between pawn shops and law enforcement  
         At 6:00 p.m., on the motion of the chair and without objection,  
         the meeting was adjourned subject to the call of the chair. 
         Rep. Solomons, Chair 
         Bryan McMath, Clerk