THE ASSEMBLY MILITARY AND
VETERANS AFFAIRS COMMITTEE HAS
CALLED TO ORDER CAN WE PLEASE
ESTABLISH A QUORUM? RAMOS HERE
ALMOST HERE, VOEPEL.
BOERNER HORVATH. DAILY MATHIS.
MURATSUCHI PETRIE-NORRIS SMITH.
REYES QUIRK. CORN IS
ESTABLISHED. THANK YOU. WELCOME
TO THIS HEARING OF THE ASSEMBLY
, MILITARY AND VETERANS AFFAIRS
COMMITTEES, BILLS WILL BE HEARD
AND FILE ORDER WITH ADJUSTMENTS
OF THE AUTHOR IS NOT PRESENT.
TODAY'S HEARING IS IN PERSON
WITH PHONE TESTIMONY AVAILABLE.
PUBLIC COMMENT ON EACH BILL WILL
BE AFTER AUTHOR TESTIMONY. WE
HAVE CONSENT CALENDAR. WE HAVE
SP 984. ARCHULETTA SB 12 37
NEWMAN. SB 13 57 ARCHULETTA. IS
THERE. IT'S BEEN A MOTION BY
ASSEMBLYMEMBER'S SMITH, SECOND
BY ASSEMBLYMEMBER'S COURT.
PLEASE CALL THE ROLL. THE MOTION
IS DUE PASS TO APPROPRIATIONS.
RAMOS I VOEPEL VOEPEL. AYE,
BOERNER HORVATH. DAILY. DAILY I
MATHIS MATHIS. I MURATSUCHI
PETRIE-NORRIS DALLAS. SMITH
SMITH. I RAISE. QUIRK I 60.
THANK YOU. THAT BILL IS OUT. ARE
THOSE CONSENT ITEMS ARE OUT. AT
THIS TIME WILL BE WAITING FOR
AUTHORS TO MAKE THEIR WAY TO
THIS COMMITTEE. OUR FIRST BILL,
UM, THAT IS SCHEDULED TO BE UP
AND FILE ORDERS. SP 43 SENATOR
UMBERG. AND WE WILL WAIT FOR THE
AUTHORS TO GET TO THIS
COMMITTEE.
DELEGATES. I JUST SHOCKED TASHA.
TELL ME BOBBY. WAR DIFFERENT.
OFFICE. SENATOR AMBERG. UH. IS
UP TO HERE. SP 43 SENATE MEMBER
WHENEVER YOU'RE READY, PLEASE
PROCEED. THANK YOU, MR CHAIR AND
MEMBERS. THANK YOU FOR YOUR WORK
ON THIS BILL. UM AND YOUR
STAFF'S WORK ON THIS BILL. I
JUST LEFT THE SENATE VETS
HEARING. ON ASSEMBLYMEMBER'S
QUIRK SILVA'S BILL CONCERNING
THE VENUE ALRIGHT, I MOVED THE
BILL. GREAT BILL. THANK YOU.
ALRIGHT, EMOTION IN A SECOND.
JUST TO MAKE CLEAR. I THINK IT
IS CLEAR, BUT I WANT TO MAKE
SURE THAT THERE'S NO SURPRISES
AND I THINK ASSEMBLYMEMBER'S
QUIRK-SILVA IS BILL MAKES IT
CLEAR THAT FIRST THERE'LL BE A
COMPREHENSIVE STUDY OF A SITE IN
ORANGE COUNTY AFTER THE STUDY.
THEN AT THAT POINT IN TIME,
DEPENDING UPON THE RESULTS, THEN
THERE'LL BE ACQUISITION OR
POTENTIAL ACQUISITION AND THAT
THE COUNTY OF ORANGE IS ACTUALLY-GOING TO FUND THE SITE. THE
STATE WON'T BE PAYING FOR THIS
NOW, THIS FOURTH STUDY THIS
FOURTH SURVEY HAVING MADE THAT
CLEAR THANK YOU URGENT. I VOTE.
THANK YOU. THANK YOU, SENATOR
FOR MAKING THOSE COMMENTS AND
THIS COMMITTEE IS VOTING ON THE
EXISTING BILL IN FRONT OF US AT
THIS TIME. SO THANK YOU FOR
THOSE CLARIFYING POINTS AS WE
CLARIFY WHAT IT IS. WE'RE
ACTUALLY VOTING ON HERE TODAY.
BUT THANK YOU FOR THAT. THERE'S
BEEN A MOTION IN A SECOND. UH
THERE'S BEEN A MOTION IN A
SECOND ON THIS BILL. IS THERE
ANY PUBLIC TESTIMONY AND SUPPORT
IN THE ROOM? ANY ON THE PHONE
LINES. GENTLEMEN, IF YOU WISH TO
SPEAK ON SUPPORTIVE SP 43,
PLEASE PRESS ONE AND ZERO ON
YOUR PHONE.
THAT'S ONE AND ZERO AND YOUR
PHONE. AND I HAVE NO ONE IN QUÊ.
THANK YOU. IS THERE ANY PUBLIC
TESTIMONY AND OPPOSITION IN THE
ROOM? ANY OPPOSITION ON THE
PHONE LINES. GENTLEMEN, IF YOU
WISH TO SPEAK IN OPPOSITION OF
SB 43 PLEASE PRESS ONE THAN ZERO
ON YOUR PHONE. THAT'S ONE THEN
ZERO. AND I HAVE NO ONE. THANK
YOU. THANK YOU BACK TO THE
COMMITTEE ANY QUESTIONS OR
COMMENTS? BY STRIPPING VOEPEL.
MR CHAIR AND MEMBERS, UM THIS
BILL WAS A LITTLE BIT DIFFICULT
FOR ME, NOT BECAUSE OF THE BILL
ITSELF. OKAY GREAT. BILL. I
SUPPORT IT. AND IT'S NEEDED.
IT'S FAIR. IT'S GOOD. UM IT'S
THE AUTHORS SO. AH NOT THE
AUTHOR. BUT THE AUTHORS. THERE
WAS TWO AUTHORS OF ALMOST THE
SAME IDENTICAL BILL. AND THINGS
BEING THE WAY THEY ARE. UM,
SENATOR UMBERG. IS CARRYING THE
BILL. I WILL VOTE FOR IT ONCE
AGAIN. IT'S A GREAT BILL, BUT I
JUST WANTED TO MAKE A COMMENT
THAT, UM THERE WAS ANOTHER
AUTHOR THAT WAS CHAMPIONING THIS
AND FOR WHATEVER REASON WE ENDED
UP HERE TODAY, AND NOW SO THANK
YOU VERY MUCH, SENATOR. GREAT
BILL. AND I DON'T CARE WHO THE
AUTHOR IS. IT'S A WONDERFUL BILL
FOR VETERANS. AND I WILL SUPPORT
IT. THANK YOU, MR VOEPEL.
REMEMBER KIRK? YES UM, SO THE
FIRST THING YOU'RE GOING TO DO
IS STUDY THE GYPSUM CANYON SITE
IN ANAHEIM. UM JUST JUST TO BE
CLEAR. UM THAT ULTIMATELY, THE
BILL THAT WILL BE IN THE LEAD
WILL BE, UM ASSEMBLYMEMBER'S
QUIRK-SILVA IS BILL AND THAT
BILL SO THAT THERE'S NO UM,
SINCE THAT THAT THERE WASN'T
FULL DISCLOSURE HERE THAT BILL
WILL ELIMINATE ANY PARTICULAR
SITE. BUT THE FIRST SITE THAT
RIGHT NOW HAS BEEN RECOMMENDED
BY THE COUNTY OF ORANGE. IS THE
AND I'M HILL SLASH CHIPS AND
KENYAN SITE MIGHT FULLY
ANTICIPATE THAT WOULD BE THE
SITE THAT THE COUNTY WOULD FIND
THE STUDY. OKAY WHY IS IT CALLED
CHIPS AND CANYON? IS IT A QUARRY
OR IT? IT'S AN HISTORIC. IT'S AN
HISTORIC NAME. YES I BELIEVE
THAT THAT THERE WAS A QUARRY
THERE AT ONE POINT IN TIME, BUT
THE EXPERT ON ALL THINGS AND I'M
HAPPENS TO BE HERE. IN THE
COMMITTEE HEARING ROOM, THE
FORMER MAYOR AND THAT THEY DID.
THEY DID MIND CHIPS IN THERE,
BUT YOU KNOW, YOU HAVE TO BE
GOOD AT SOMETHING RIGHT? RIGHT.
RIGHT. SO HE MIGHT BE BETTER
ABLE TO ADDRESS THAT QUESTION.
WHAT HAPPENS TO ME? I'VE I'VE
ASKED THAT QUESTION IN YEARS
PAST, AND IT WAS THERE WAS A
QUARRY THERE. IT'S A BIG WIDE
CANYONS. IT'S A HUGE PIECE OF
PROPERTY AND SO VERY NICE PLACE
TO HAVE A CEMETERY. IT'S PRETTY
REMOTE. IT'S OFF THE 91 FREEWAY
, AND SOME OF THE FOLKS HERE IN
THIS COMMITTEE KNOW THAT PART OF
IT'S ON THE ON THE BORDER. IT'S
CLOSE TO THE BORDER OF ORANGE
COUNTY AND RIVERSIDE COUNTY.
IT'S A GOOD IT'S WELL SEE,
THAT'S EXACTLY EXACTLY ALRIGHT.
AND THANK YOU. MS QUIRK SILVA
HAVE BEEN AND NEGOTIATING AND
NOW SUCCESSFULLY NEGOTIATING, SO
I JUST WANT TO CHIME IN AS A CO
AUTHOR. I LOVE THE BILL. LOVE
THE BILL. THAT'S IT. THAT'S IT.
THANK YOU. SOME OF THEM ARE
MATHIS. THANK YOU, MR CHAIR.
SENATOR. I JUST WANT TO THANK
YOU FOR WORKING WITH THE OTHER
COLLEAGUES IN THE AREA. I KNOW
WHEN THIS GOT KIND OF STARTED,
IT WAS LIKE, OH, WE'VE GOT TWO
COMPETING BILLS AND ALL OF THIS.
I WANT TO COMMEND YOU ON YOUR
WORK, BRINGING THAT TOGETHER AND
SETTLING THOSE ISSUES IS YOU'VE
COME BEFORE US. I APPRECIATE
THAT WORK AND I'LL BE SUPPORTING
THIS TODAY. ANY OTHER QUESTIONS,
COMMENTS FROM COMMITTEE MEMBERS.
SEE YOU NOW. WOULD YOU LIKE TO
CLOSE? JUST THANK YOU. IT'S A
PLEASURE DOING BUSINESS WITH
YOU, MR CHAIR AND YOUR YOUR
STAFF AND THE COMMITTEE. UM, I
THINK THOSE COMMENTS ARE ALL APP
WE HAVE, I THINK, COME TO AN
UNDERSTANDING AND AGREEMENT. UM
I SHOULD RECOGNIZE
ASSEMBLYMEMBER'S DAILY WHO'S
BEEN IN THIS FIGHT FOR SINCE
2000 AND 14. I AM VERY HOPEFUL
THAT WE WILL HAVE A CEMETERY FOR
VETERANS FINAL PLACE TO REST
HERE IN THE NEXT FEW YEARS, SO
WITH THAT ORIGINAL VOTE. THANK
YOU. THANK YOU SO MUCH. WE DO
HAVE EMOTION A SECOND. PLEASE
CALL THE ROLL. THE MOTION IS DO
PASS THROUGH APPROPRIATIONS.
RAMOS ALMOST I VOEPEL VOEPEL A.
I BOERNER HORVATH. DAILY DAILY I
MATHIS MATHIS. I MURATSUCHI
PETRIE-NORRIS SALAS. SMITH.
SMITH. I RAISE RAISE I WORK. I
70. THANK YOU THAT THAT BILL IS
OUT ON THE APPROPRIATIONS. THANK
YOU SO MUCH, SENATOR. THE NEXT
BILL THAT WE WILL BE HEARING IS
SP 13 11 FROM SENATOR EGGMAN,
UM, WHO WILL BE ON HER WAY
SHORTLY. YEAH YEAH, WE COULD DO
SOME ADD ONS TO THE WE ONLY DID
ACTION ON THE CONSENT CALENDAR.
AND YOU WERE HERE FOR THIS LAST
ONE. SO THE MOTION ON THE
CONSENT CALENDARS DO PASS TO
APPROPRIATION, SOME REMEMBER
AREAS REYES, I THANK YOU.
IT COULD GO. WE'RE WAITING FOR
SENATOR EGGMAN, BUT WE HAD TO
ACTION ITEMS ON THE CONSENT
CALENDAR. AND UM BRIGGS BILL IF
YOU'D LIKE TO OPEN UP THE ROLE
AND ADD ON OKAY? SP 43. THE
MOTION IS DUE PASS TO
APPROPRIATIONS BOERNER HORVATH
BOERNER HORVATH, AYE. AND THEY
CAN THANK CALENDAR. THE MOTION
IS DUE PASS TO APPROPRIATIONS.
BOERNER HORVATH BOERNER HORVATH,
AYE.
WE HAVE TO CHECK WITH HER.
CONSULTANT. BUT WE'RE, UM.
REQUESTING THE MAJORITY LEADER,
MOVE FORWARD AND START TO
PRESENT. UM SENATE BILL 13 11.
BUT IF YOU COULD JUST HOLD
MAJORITY LEADER SHE WANTS TO
CHECK REAL QUICK WITH THEM. WITH
THE CONSULTANT BECAUSE THEY WERE
ON THE PHONE REAL QUICK.
THANK YOU. SO. WE KNOW THAT
SENATORS ARE GETTING IN
DIFFERENT PRESENTATIONS. WE WANT
TO GO AHEAD AND GIVE SENATE BILL
13 11 TO BE PRESENTED HERE BY
COMMITTEE MEMBER MAJORITY LEADER
ELOISE REYES, WHICH YOU PLEASE
PRESENT THIS BILL. THANK YOU, MR
CHAIR ON BEHALF OF SENATOR
EGGMAN. I PRESENT SB 13 11,
WHICH WOULD STRENGTHEN A VARIETY
OF EXISTING CONSUMER PROTECTIONS
FOR MILITARY VETERANS AND
SERVICE MEMBERS. SPECIFICALLY SP
13 11 WOULD EXPRESSLY PROHIBIT
BUSINESSES PROVIDING MILITARY
DISCOUNTS TO SERVICE MEMBERS ON
THE CONDITION OF THE INDIVIDUAL
WAIVING THEIR RIGHT
UNDERSTATEMENT. FEDERAL LAW SB
13 11 WOULD ALSO ALLOW SERVICE
MEMBERS AND VETERANS TO CONTINUE
TO PURCHASE GAP WAIVERS
GUARANTEED ASSETS PROTECTION
WAIVERS SO LONG AS THE PURCHASE
DOES NOT REMOVE PROTECTIONS
ALLOTTED TO THEM UNDER THE
FEDERAL MILITARY LENDING ACT.
AND I'D LIKE TO ASK OUR WITNESS
TO PROVIDE HIS TESTIMONY. THANK
YOU. IT'S HOLLOW CHAIR COMMITTEE
. MY NAME IS ANTHONY LIU, DEPUTY
A G FOR THE OFFICE OF
LEGISLATIVE AFFAIRS FOR ATTORNEY
GENERAL BENTO. AND HERE'S THE
PROUD SPONSOR OF THIS BILL. WE
WANT TO THANK SENATOR EGGMAN AND
PRO TEAM ATKINS FOR THEIR
LEADERSHIP AND AUTHORING AS WE
13 11, THE MILITARY AND VETERAN
CONSUMER PROTECTION ACT OF 2022.
THIS BILL BUILDS UPON EXISTING
LAW AND PROVIDES ADDITIONAL
LEGAL AND FINANCIAL PROTECTIONS
FOR ACTIVE DUTY AND RESERVE
COMPONENT SERVICE MEMBERS AND
THEIR FAMILIES. IT INCLUDES NEW
CONSUMER PROTECTIONS RELATED TO
MILITARY MILITARY DISCOUNTS AS
YOU HEARD PRIVACY PROTECTION,
RETURN OF SECURITY DEPOSITS,
BORROWER PROTECTIONS AND
DEFERRAL OF INTEREST, AMONG
OTHER THINGS. ALSO IN CLOSES AN
IMPORTANT LOOPHOLE LOOPHOLE IN
THE LAW THAT HAS THE EFFECT OF
DENYING SERVICE MEMBERS. THE
FULL PROTECTIONS OF THE FEDERAL
MILITARY LENDING ACT. WHEN AN
ANCILLARY CREDIT PRODUCT IS
BUNDLED WITH THE LOAN THAT
FINANCES A CAR PURCHASE. AND THE
BILL IS SUPPORTED BY CONSUMER
ADVOCATES AND A BROAD RANGE OF
MILITARY AND VETERANS GROUPS,
INCLUDING THE U. S AND NAVY. AND
WE RESPECTFULLY ASK HER. I VOTE
TODAY ON THE BILL. THANK YOU. IS
THERE ANY OTHER PUBLIC TESTIMONY
OF WITNESSES AND SUPPORT OF THIS
BILL? CARRY NONE. IS THERE ANY
PUBLIC TESTIMONY IN SUPPORT IN
THE ROOM? ANY PUBLIC TESTIMONY
AND SUPPORT ON THE PHONE LINES.
SPIDERS AND GENTLEMEN TO SPEAK
IN SUPPORT OF HAVE NUMBER 13 11
, PLEASE PRESS ONE THAN ZERO ON
YOUR PHONE. AN OPERATOR WILL
GIVE YOU YOUR LINE NUMBER AND
ONE MOMENT.
AH WE WILL START WITH LINE
NUMBER 208, PLEASE GO AHEAD.
GOOD AFTERNOON, MR CHAIR AND
COMMITTEE MEMBERS, GARETH SMITH
WITH THE NAVY AND STRONG SUPPORT
AND WITH APPRECIATION TO THE
AUTHORS AND RESPONSIBLE. THANK
YOU. AND NEXT WE HAVE LINE TWO.
OH, SEVEN. PLEASE GO AHEAD.
HAPPENING, CHAIR AND MEMBERS.
NAME THREE WITH GOVERNMENT
RELATIONS REPRESENTING AMERICAN
LEGION DEPARTMENT OF CALIFORNIA
, AND THAT'S APPARENTLY
CALIFORNIA. CALIFORNIA STATE
COMMANDERS VETERANS COUNCIL.
MILITARY OFFICERS ASSOCIATION OF
AMERICA, CALIFORNIA COUNCIL OF
CHAPTERS. VIETNAM VETERANS OF
AMERICA, CALIFORNIA STATE
COUNCIL HOME SUPPORT. THANK YOU
. THANKS. WE HAVE LINE 2 12,
PLEASE GO AHEAD. AND MEMBERS
CATALINA SANCHEZ WITH CORBYN AND
KAISER ON BEHALF OF THE NATIONAL
CONSUMER LAW CENTER AND THE
CALIFORNIA LOW INCOME COULD
CONSUMER COALITION IN SUPPORT OF
THE BILL. THANK YOU. THANK YOU.
AND THAT IS ALL I HAVE IN QUÊ.
THANK YOU. IS THERE ANY PUBLIC
TESTIMONY AND OPPOSITION IN THE
ROOM? PLEASE COME FORWARD. WILL
SET THE MICRO FOR YOU. THANK
YOU. GOOD AFTERNOON CHAIR AND
MEMBERS ROB WILSON WITH THE
CALIFORNIA CREDIT UNION LEAGUE.
RESPECTFUL OPPOSITION TO SB 13
11, NAMELY SECTION FIVE OF THE
BILL. FIRST I'D LIKE TO THANK
THE AUTHORS, STAFF AND SPONSORS
FOR TAKING TIME TO DISCUSS OUR
CONCERNS WITH US. WE RESPECT THE
VIEW AND POSITION OF THE AUTHOR
AND SPONSOR, BUT WE FIRMLY
BELIEVE THAT THIS SECTION IS NOT
IN THE BEST INTERESTS OF COVERED
PEOPLE UNDER THE MILITARY
LENDING ACT. AS WELL MAKE CREDIT
INSURANCE PRODUCTS LIKE GAP
WAIVER EFFECTIVELY UNAVAILABLE
DURING THE AUTO TRANSACTION.
SECTION FIVE OF THIS BILL IS
MODELED AFTER THE D O D
INTERPRETIVE RULE FROM 2017
2018, WHICH WAS REMOVED IN 2020
THAT CAUSED A DEFACTO BAND ON
CREDIT INSURANCE PRODUCT OR
CREDIT RELATED ANCILLARY
PRODUCTS. FOUR SERVICE MEMBERS
DURING THE PURCHASE OF A CAR.
SINCE THIS POLICY HAS ALREADY
BEEN TESTED IN THE MARKETPLACE,
WE KNOW WHAT WILL HAPPEN. WHEN
THIS ROLE WAS ISSUED IMMEDIATELY
COMPLIANCE, PEOPLE OF CREDIT
UNIONS AND OTHER AND LENDERS
ISSUED A WARNING. DO NOT BUY THE
PAPER OF A MILITARY LENDING OUT
COVERED PERSON IF THERE'S A
CREDIT INSURANCE OR GAP WAIVER
ON THE CONTRACT. THIS WAS ISSUED
FROM A LIABILITY STANDPOINT AS
IT WOULDN'T BE FEASIBLE FOR A
CONTRACT WITH CREDIT INSURANCE
TO COMPLY WITH THEM. LAST DUTIES
AND RESTRICTIONS. DIODE D
REGULATIONS IMPLEMENTING THE M
L. A PROHIBITS NON DEPOSITORIES.
FROM TAKING A SECURITY INTEREST
IN A VEHICLE BEING FINANCED WITH
THE COVERED BORROWER. CREDIT
INSURANCE PRODUCTS AND, MOST
NOTABLY, GAP WAIVER WERE NO
LONGER BEING OFFERED TO SERVICE
MEMBERS AT THE POINT OF SALE.
THIS IS IMPORTANT AS MOST
BORROWERS BUNDLE THE AUTO ALONG
WITH THE ANCILLARY PRODUCTS AND
ROLLED INTO ONE NICE PAYMENT,
WHICH WE BELIEVE IS TO THE
BENEFIT OF THE MEMBERS OF THE
CREDIT UNION. IF PEOPLE BELIEVE
THAT THE GAP WAIVERS BEING
OVERSOLD TO COVER PEOPLE THAN I
WOULD SAY THE PASSAGE OF THE
ASSEMBLY BILL TO REGULATE GAP
WAIVER EARLIER SHOULD THE
ASSEMBLY PASSED. EXCUSE ME,
MAYBE 23 11. BILL THAT WILL
OFFER PROTECTIONS TO ALL
CALIFORNIANS. THE IDEA THAT
SERVICE MEMBER WILL PURCHASE
ANYTHING AFTER THE AUTO
TRANSACTIONS NOT WE HAVE FOUND
WE'RE TALKING ABOUT A HIGHER
RISK BORROWER OF MODEST MEANS.
THEY WON'T BE IN A POSITION TO
TAKE OUT A LOAN FOR GAP AND THEY
WON'T BE IN A POSITION TO
PURCHASE GAP FOR CASH. WE HAVE
SEEN WHEN THIS POLICY IS
ENACTED. SERVICE MEMBERS ARE NOT
OFFERED THESE PRODUCTS DURING
THE SALE OF AN AUTOMOBILE. FROM
THE CREDITING PERSPECTIVE, WE
SIMPLY THINK THAT'S A BAD DEAL
FOR THEM. WE'RE NOT MAKING MONEY
OFF. THESE TRANSACTIONS WERE
JUST CONCERNED FOR OUR MEMBERS.
FOR THOSE REASONS. WE ARE
OPPOSED TO SECTION FIVE OF SB 13
11. THANK YOU. MR CHAIR MEMBERS
. SCOTT GOVERNOR BEHALF OF THE
AMERICAN FINANCIAL SERVICES
ASSOCIATION, CERTAINLY CONCUR
WITH THE CREDIT UNIONS. PART OF
THE IRONY HERE IS THAT THE SAME
TIME THIS BILL IS MOVING
FORWARD. THE ATTORNEY GENERAL'S
OFFICE IS SPONSORING A B 23 11,
WHICH ACTUALLY REGULATES GAP
INSURANCE, SO PER THIS BILL, GAP
IS EFFECTIVELY PROHIBITED, EVEN
THOUGH IT'S SIMULTANEOUSLY BEING
REGULATED AND TO APPOINT THE
ANALYSIS. THE CONSULTED A VERY
GOOD JOB. AND POINTED TO THE
HIGHER COST PAID AT DEALERS. ONE
CONDITIONAL SALE CONTRACTS ARE
ENTERED INTO THE WAY THIS BILL
IS STRUCTURED NOW. THOSE PRICES
WILL ACTUALLY BE REGULATED UNDER
23 11, BUT THE ONLY PRODUCTS
AVAILABLE TO SERVICE MEMBERS
WILL BE UNREGULATED PRODUCTS
SOLD IN THE SECONDARY MARKET. SO
THEY WON'T GET THE BENEFIT OF
THE REGULATED PRICE CAPS,
DISCLOSURES AND THOSE ITEMS.
INSTEAD THEY'LL HAVE TO GO TO
THE MARKET. AND AS ROBERT SAID,
PAY CASH AND PRICES THAT AREN'T
REGULATED BY THE GOVERNMENT. SO
WE DO REQUEST THAT SECTION FIVE
BE REMOVED WITH THAT WE WOULD
REMOVE OUR OPPOSITION. THANK
YOU. THANK YOU FOR YOUR
TESTIMONY. MR CHAIRMAN AND
MEMBERS KELLI JENNSEN,
REPRESENTING THE GUARANTEED
ASSET PROTECTION ALLIANCE ECHO
THE COMMENTS OF MY COLLEAGUES
BELIEVE SECTION FIVE SHOULD BE
REMOVED FROM THE BILL. THANK YOU
FOR YOUR COMMENT. GOOD AFTERNOON
, MR CHAN MEMBERS MELANIE CUEVAS
WITH THE CALIFORNIA BANKERS
ASSOCIATION NOT OFFICIALLY
OPPOSED TO THE MEASURE BUT DO
SHARE CONCERNS WITH SECTION FIVE
ASSOCIATED WITH UNINTENDED
CONSEQUENCES IN DISPARATE IMPACT
. ALIGN OUR COMMENTS WITH THOSE
OF THE CREDIT UNIONS. THANK YOU.
THANK YOU. THANK YOU FOR YOUR
COMMENTS. ANY OTHERS IN THE ROOM
AND OPPOSITION. ON THE PHONE
LINES ANY IN OPPOSITION. LADIES
AND GENTLEMEN TO SPEAK IN
OPPOSITION OF SPEECH. 13 11,
PLEASE PRESS ONE THAN ZERO ON
GET MY NUMBERS.
AND WE WILL START WITH BLIND
NUMBER. 2 10, PLEASE GO AHEAD.
IN ONE MOMENT FOR OUR NEXT
COMMENT.
NEXT WE WILL GO TO LINE 205.
PLEASE GO AHEAD. LINE 205. YOUR
LINE IS OPEN. SO DID YOU WISH TO
MAKE A COMMENT? GOOD AFTERNOON.
THIS IS JOHN. UM, A FOR THE
CONSUMER CREDIT INDUSTRY
ASSOCIATION. AND WERE IN
OPPOSITION TO THE BILL. FOR THE
REASONS STATED BY THE PREVIOUS
SPEAKERS. THANK YOU. THANK YOU.
AND THAT IS ALL I HAVE IN QUÊ.
THANK YOU. THANK YOU FOR THOSE
COMMENTS, BRINGING IT BACK TO
THE COMMITTEE MEMBERS AND
COMMITTEE MEMBERS WISHING TO
COMMENT. VICE PRESIDENT VOEPEL.
VICE PRESIDENT HAVE BEEN
PROMOTED TO VICE PRESIDENT WHO.
SO I SUPPORT THIS BILL. LET ME
TELL YOU WHY. IN WORLD WAR TWO
THEY PASSED THE SOLDIER AND
SAILOR'S ACT, WHICH PROTECTED
SOLDIERS AND SAILORS ON
DEPLOYMENT FROM CREDITORS.
BECAUSE IT WAS BRUTAL. IN THE
KOREAN WAR. ONCE AGAIN, MY
FATHER AND ALL MY UNCLES WERE
CALLED UP. AND LEFT. LOANS
MORTGAGES, WIVES AND CHILDREN,
ETCETERA. IN VIETNAM. I WENT.%
AND HAD PROBLEMS IN THE SOLDIERS
AND SAILORS ACT AND SUBSEQUENT
BILLS. PROTECTED ME. OTHERWISE I
WOULD HAVE BEEN TOAST BECAUSE IT
AGE 19. YOU DON'T READ FINE
PRINT. AND IF YOU DID READ THE
FINE PRINT, YOU PROBABLY
WOULDN'T UNDERSTAND IT. AND
THAT'S THE WAY THE THREES AND
THE FOURS AND THE FIVES OPERATE.
THEY DON'T MAKE A LOT OF MONEY.
SO IF THEY GET IN FINANCIAL
TROUBLE IT'S THESE TYPES OF
BILLS THAT PROTECT THEM. SO NOW
WE MOVE ON TO DESERT STORM
OPERATION. THIS OPERATION THAT
AND LET ME TELL YOU. WHEN THE
CALL COMES YOU GO IN 24 HOURS.
YOU HAD BETTER HAVE YOUR
SITUATION TAKING CARE OF AHEAD
OF TIME. BECAUSE YOU'RE GOING SO
THIS BILL. HAS OPPONENTS. AND I
DON'T FEEL THAT THERE'S RISK
HERE. THE GUARANTEED ASSET
PROTECTION WAIVERS CAN BE
COVERED UNDER AUTO INSURANCE.
ALSO YOUR MAJOR CAR DEALERS. AND
ALSO THE CAR DEALERS THAT ARE
APPROVED BY THE ARMY AND NAVY
EXCHANGE, ETCETERA, THE
DIFFERENT CREDIT UNIONS BECAUSE
WE HAD SOME CREDIT UNIONS HERE,
BUT THERE'S CERTAIN CREDIT
UNIONS AND SPECIALIZED IN
MILITARY. THEY'RE GOING TO OFFER
GAP. TRUST ME ON THAT ONE IF
THEY WANT TO KEEP THEIR MILITARY
MARKETS. SO WHAT I'M LOOKING AT.
MANY OF THE PEOPLE IN OPPOSITION
AND NOW I'M GONNA GO OUT ON A
LIMB. I DO NOT MEAN TO DISPARAGE
THEM. BUT THEY'RE SMALLER.
OPERATORS THEY ARE SMALLER CAR
DEALERS. THEY'RE NOT THE MAJOR
CAR DEALERS. SO IF THEY CAUSE A
PROBLEM. IN THE GUARANTEED ASSET
PROTECTION WAIVERS. TRUST ME,
LAWYERS WILL SWOOP IN DEFENDING
OUR MILITARY MEMBERS. SO THE
POINT I'M MAKING AND THEN I'LL
FINISH IS. YEAH, THERE MIGHT BE
A LITTLE BIT OF RISK HERE. BUT I
THINK IT WOULD BE TAKEN CARE OF.
IF THERE'S UNINTENDED
CONSEQUENCES BY THE LEGAL SYSTEM
AND ALSO NEXT SESSION. WE COULD
CLEAN IT UP. I ALWAYS REMIND
PEOPLE OF THAT. THANK YOU VERY
MUCH, MR. CHAIR. THANK YOU. ANY
OTHER MEMBERS WISHING TO
COMMENT? SO THEY REQUIRED YES.
SO IT SAYS HERE CLEARLY THAT YOU
CAN SELL GAP INSURANCE, TOO.
MEMBERS OF THE MILITARY. YOU
SIMPLY HAVE TO AGREE TO ACCEPT
THE PROTECTIONS UNDER THE
FEDERAL MILITARY LENDING ACT,
AND FRANKLY, I DON'T UNDERSTAND
WHY, AND IT'S TWO. SHE WOULDN'T
BE WILLING TO DO THAT. IT MAY
HAVE THEIR FINANCIAL REASONS,
BUT I THINK IT'S NOT THE RIGHT
THING TO DO. SECOND IF YOU BUY
GAP INSURANCE, AS THE VICE CHAIR
SAID FROM UH, OF DEALER THEY
HAVE A 50. UM MARKUP, OR IS IT
INSURANCE COMPANIES LIKELY 11 TO
18% MARKUP. SO IF IT COSTS, THE
DEALER $251 FOR THE INSURANCE.
THEY'RE CHARGING 378. WHEREAS.
50% MARKUP. AND HERE, THERE'S 11
TO 18% SO YOU KNOW, INSTEAD OF
ADDING 100 AND $27 TO THE COST.
IT COULD ADD SOMETHING LIKE $25
TO THE COST, SO I DON'T THINK
THAT THERE IS A REASON. NOT TO
PURCHASE IT ON THE ALTERNATIVE
MARKET. UM SO I CAN'T IMAGINE.
THAT THAT THERE IS A GOOD
ARGUMENT AGAINST THIS BILL.
THANK YOU. THANK YOU SO MUCH FOR
SOMETHING OVER MATHIS. ALL YIELD
TO ASSEMBLYWOMAN. NORTH. LADIES.
SAM REMEMBER CUDDY?
PETRIE-NORRIS I'M GONNA MOVE MY
CHAIR BECAUSE THIS MIC IS DONE,
ALL RIGHT? THANK YOU, MR CHAIR.
CERTAINLY AND THIS IS SO TRICKY
WHEN WE'VE GOT WHEN THE AUTHORS
NOT HERE, BUT I THINK YOU KNOW,
CERTAINLY ALL OF US WANT TO VOTE
IN SUPPORT OF A PROPOSAL THAT
STRENGTHENS CONSUMER PROTECTIONS
FOR MILITARY SERVICE MEMBERS, UM
IN THE OPPOSITION. UH REMARKS
THEY RAISED CONCERNS REGARDING
UNINTENDED CONSEQUENCES. AND I
THINK SPECIFICALLY TALKED ABOUT
SECTION FIVE. AREAS WHERE THEY
BELIEVE THERE ARE SOME CONFLICTS
WITH REGULATIONS. ETCETERA CAN
YOU RESPOND TO THOSE CONCERNS
BECAUSE WE ALSO WANT TO MAKE
SURE THAT SWEET. AREN'T PASSING
SOMETHING WITH UNINTENDED
CONSEQUENCES. THEY'RE ACTUALLY
GOING TO HURT. THE SERVICE
MEMBERS WERE TRYING TO HELP.
WHAT? MY WITNESS TO. FROM THE
ATTORNEY GENERAL'S OFFICE
SPONSORS. THANK YOU, UM, COULD
YOU BE MORE SPECIFIC ABOUT? I'M
NOT SURE YOU UNDERSTAND THE
QUESTION. FRASER THE OPPOSITION
, UH, EVERYONE WHO TESTIFIED
FROM UP. THE OPPOSITION SAID
THAT THERE WERE UNINTENDED
CONSEQUENCES TO THE BILL. IN
SECTION SPECIFICALLY ISSUES WITH
SECTION FIVE, AND THEY ASSERTED%
THAT THERE WAS IN ONE PLACE A
CONFLICT WITH THE ATTORNEY
GENERAL'S OWN REGULATIONS. NOT
OKAY. I THINK I UNDERSTAND THE
QUESTION OR YOU CAN BROADLY
RESPOND TO THE AREAS OF CONCERN
RAISED BY THE OPPOSITION ME MAKE
THREE POINTS. HERE, UM THERE IS
AN ARGUMENT THAT SECTION FIVE
WHEN I HEAR THE OPPONENTS SAYING
IS THAT IT WILL PREVENT SERVICE
MEMBERS FROM OBTAINING GAP
COVERAGE AND WE DON'T WANT THAT
BECAUSE I WOULD PRODUCE AN
UNINTENDED CONSEQUENCE. FOR
MEMBERS WHO WILL BE ON THE SHORT
END OF THE LOAN OR SOMETHING
LIKE THAT, WHEREAS GAP COVERAGE
WHEN NORMALLY COVER THEM. NOW I
WANT TO POINT OUT THIS. THE BILL
ONLY AFFECTS TRANSACTIONS WHERE
THESE ARE BUNDLED RIGHT WHERE
THE VEHICLE AND THE CREDIT
PRODUCT LIKE GAP OR BUNDLED
TOGETHER AND SOLD IN A SINGLE
TRANSACTION THAT WOULD CAUSE THE
SERVICE MEMBER TO LOSE THE M L A
PROTECTION. SO. CONTRARY TO THIS
, YOU KNOW, GAP SIGNS WERE STILL
BE ABLE TO SELL GAP TO SERVICE
MEMBERS WERE NOT PROHIBITING
THAT THAT WAS JUST NEED TO DO SO
IN A SEPARATE TRANSACTION, AND
THAT'S SEPARATE TRANSACTIONS
WILL BE SUBJECT. TO THE INTEREST
RATE AND OTHER PROTECTIONS THAT
ARE PROVIDED BY THE M L. A.
RIGHT, AND WE KNOW THAT YOU CAN
BUY GAP COVERAGE. OUTSIDE OF
BUNDLED TRANSACTION AS A
STANDALONE PRODUCT. AND SO WHAT
I REALLY TRY TO DO WITH MY
SECOND POINT IS NOT LOSE SIGHT.
OF THE FOURTH FOR THE TREES HERE
IN THIS BILL'S PRINCIPALLY ABOUT
WHETHER SERVICE MEMBERS SHOULD
GET THE BENEFITS OF THE FEDERAL
MILITARY LENDING ACT. WHEN THEY
FINANCE THE PURCHASE. OF A
CREDIT INSURANCE PRODUCTS LIKE
GAP AND NOT THE MERITS OF GAP
ITSELF. THERE IS THIS OTHER BILL
80 23 11. WHICH IS NOT LAW YET
AND STILL GOING THROUGH THE
PROCESS THAT IS STANDING UP, YOU
KNOW BASIC CONSUMER PROTECTIONS
AROUND GAP, AND THAT IS A BILL
WHERE WE ARE TALKING ABOUT THE
MERITS OF GAP INSURANCE AND THE
DIFFERENT SORT OF GUARD WILL
SHOW SHOULD GO AROUND THE SALE
OF THAT. WHERE WE'RE FOCUSING ON
HERE WITH SB 13 11. IS THESE
VERY SPECIAL SECRET PROTECTIONS
THAT ARE IN THE ML A AND THE
POLICY QUESTION TO ME IS ON
BALANCE. SHOULD WE BE ALLOWING.
UM MILITARY MEMBERS TO LOSE THE
PROTECTIONS OF THE M L A JUST
BECAUSE CAPPED FOR A GAP WAIVER
PRODUCT BECAUSE IT'S FOLLOWED
WITH A LOAN. OR SHOULD WE BE
PASSING A LAW THAT MAKES THAT
ENSURES THAT THEY RECEIVE THESE
FULL PROTECTIONS ON BALANCE? IS
THAT MORE IMPORTANT TO MAKE SURE
THAT THEY HAVE THE FULL
PROTECTIONS OF THE M L. A. OR
TWO ENSURE THAT GAP IN WHEN
BUNDLED WITH AND AUTO LOAN IS
EXEMPT FROM THOSE PROTECTIONS.
BECAUSE YOU CAN STILL BUY THESE
PRODUCTS UNBUNDLED FROM THE
TRANSACTION. DO YOU THINK THAT'S
AN IMPORTANT FACTOR? WE THINK
YOU KNOW, LOSING THE PROTECTIONS
OF THE M L. A ITSELF
SIGNIFICANTLY INCREASE OUT OF
POCKET EXPENSES FOR MILITARY
SERVICE MEMBERS TO THAT IS AN
IMPORTANT POINT. HERE. WHEN YOU
ENSURE THAT THEY HAVE THESE
PROTECTIONS YOU ARE KEEPING
MONEY AND THE POCKETS OF SERVICE
MEMBERS. THOSE ARE IMPORTANT
PROTECTIONS TO PRESERVE. SO WE
PREFER, YOU KNOW NOT TO GET INTO
IT. DISCUSSION ABOUT THE
BENEFITS OF GAP WAIVER AS A
PRODUCT HERE, BUT REALLY FOCUS
ON THE YOU KNOW THE PRINCIPLE OF
THE BILL HERE, WHICH DID NOT
FACILITATE THE END AROUND OF THE
FEDERAL MILITARY. LENDING
PROTECTIONS. FEDERAL MILITARY
LENDING AT PROTECTIONS. IN THOSE
TRANSACTIONS. THE GAP IS BUNDLED
WITH THE AUTO LOAN AND FINANCE
IT THAT WAY. MY LAST POINT IS.
ARE YOU THINK YOU REFERRED TO A
D REGULATIONS? I THINK YOU MEANT
D O D REGULATION. OKAY WHATEVER,
THE OPPOSITION SAID. RIGHT SO I
WANT TO POINT OUT ON PAGE EIGHT
OF THE ANALYSIS. UM. THAT IN
JANUARY 2022. THE DEPARTMENT OF
DEFENSE FILED AN AMICUS BRIEF IN
A CASE CALLED DAVIDSON VERSE,
UNITED AUTO CREDIT CORPORATION.
AND THEN, LIKE BRIEF, THEY
ADVANCE THE READING OF AN M L. A
THAT IS CONSISTENT WITH WHAT WE
ARE ATTEMPTING TO ACHIEVE.
THREE, SECTION FIVE. THIS IS
JUST EARLIER THIS YEAR. AND SO
THERE'S NOTED ON PAGE EIGHT OF
THE COMMITTEE ANALYSIS, I WILL
READ INTO THE RECORD D O D
STATED THAT THE, UM LASKHAR.
LONE EXCEPTION IS NOT SATISFIED,
HOWEVER, BY HYBRID LOAN THAT IS
ALONE THAT FINANCES THE PRODUCT
BUNDLE, INCLUDING BOTH AN EXEMPT
PRODUCTS SUCH AS A CAR. AND A
DISTINCT NONEXEMPT PRODUCTS SUCH
AS OPTIONAL GET COVERAGE. SUCH
HYBRID LOANS BUNDLED TOGETHER
STAND ALONE. FINANCIAL PRODUCTS
LIKE GAP COVERAGE REMAIN
CONSUMER CREDIT, SUBJECT TO THE
STATUTE'S PROTECTIONS FOR
SERVICE MEMBERS. SO THIS IS THE
D O D. IN A BRIEF THAT THEY
FOUND EARLIER THIS YEAR. WILL BE
FURTHER EXPLAINED JUST AS A
LENDER COULD NOT BYPASSED MLA
SERVICE MEMORY PROTECTION. BY
BUNDLING A STAND ALONE FINANCIAL
PRODUCTS SUCH AS A CASH ADVANCE
WITH A CAR LOAN. THE SAME GOES
FOR GAP COVERAGE. GET COVERAGE
AS A FINANCIAL PRODUCT, NOT A
CAR PRODUCT. IT MIGHT HELP THE
OWNER PAY OFF THE LOAN WHEN THE
CAR IS TOTALED, BUT IT IS NOT
HELP PROTECT THE CAR. IT DOES
NOT FURTHER THE PURCHASE OR USE
OF THE CAR. GAP COVERAGE. IS
THIS DISTINCT FROM AND I
APPRECIABLY BELIEVE RELATED TO
THE CARBON BUT AND HERE'S THE
PUNCHLINE AND WHEN THE LENDER
CHOOSES TO INCLUDE FINANCING FOR
GAP COVERAGE, THAT LOAN FALLS
OUTSIDE THE STATUTORY
EXCEPTIONS. THIS DOES NOT MEAN
THAT LENDERS CANNOT OFFER HYBRID
LOANS OR A SPECIFIC LOAN THAT
FINANCES GAP COVERAGE. IT JUST
MEANS THAT LENDERS MUST FOLLOW
THE STATUTE'S PROTECTIONS AND
DOING SO. SO FOR THOSE REASONS,
WE THINK THAT SECOND FIVE IS
CONSISTENT WITH THE DIODES
CURRENT POLICY PREFERENCES AS
OPPOSED TO 2020 OR 2017, WHICH I
THINK IT'S BEING REFERRED TO
HERE. OKAY IF I CAN, JUST SO IF
I CAN SUMMARIZE SO IN TERMS OF
THE CONCERN RAISED AROUND
CONFLICT WITH THE D O D
REGULATIONS YOU BELIEVE THAT IS. YOU KNOW, AND INACCURATE
CHARACTERIZATION OF THIS BELL
FOR THE PRESENT JUNIOR. YOU LAID
OUT UM AND THEN, IN TERMS OF THE
MY FIRST QUESTION AROUND THE
UNINTENDED CONSEQUENCES IF I CAN
TRY TO SUMMARIZE THAT AND MAKE
SURE I UNDERSTAND. CORRECTLY
THERE ARE SOME THERE IS A MINOR
UNINTENDED CONSEQUENCE. WHICH
CAN BE, UH, OBVIATED IF SOMEONE
WERE TO BUY STANDALONE GAP
COVERAGE. YES THAT'S CORRECT AND
INTENDING IF THE UNDERTAKING
CONSEQUENCE THAT IS REFERRED TO
INVEST THE GAP COVERAGE ARE NOT
GOING TO BE ABLE TO BUY GIFTS
COVERAGE AND IT'S SUCH A SHAME
THEY'RE JUST NOT GOING TO BE
ABLE TO ENJOY THE BENEFITS OF
THIS PRODUCT. UNDERSTOOD OKAY,
WE BELIEVE THAT IS NOT THE CASE
THAT THEY'RE GOING TO STILL BE
ABLE TO BUY IT FROM TRIPLE A
THEIR EXISTING. IT'S SHIVER
OTHER SOURCES IN THE MARKET. AND
OFTEN FOR LESS OR THE SAME AS
THEY WOULD BE PAYING NORMALLY.
ALL RIGHT, THANK YOU. THANK YOU.
UM, SO REMEMBER MATHIS. THANK
YOU, MR CHAIRMAN. UM. WE JUST
HAD A CONVERSATION ABOUT THE
PROTECTIONS. IF YOU TAKE SECTION
FIVE OUT DOES IT TOTALLY GOT THE
REST OF THE BILL FOR THE OTHER
PROTECTION? NO EACH SECTION OF
THE BILL IS KIND OF ITS OWN
COMPONENT. IF THAT'S WHAT YOU
BECAUSE THAT'S LET ME GET IT IN
MY BIGGEST CONCERNS BECAUSE
BEFORE MY LIFE AND THE
LEGISLATURE ACTUALLY SAT ON A
NATIONAL VETERANS BOARD FOR
THREE YEARS AS AN ARMY SERGEANT
FOR 10. I KNOW MY IN THE VICE
CHAIRMAN'S TIME IN THE MILITARY
WAS A LITTLE BIT DIFFERENT
PERIODS. UM. IN MY MIND WHEN I
HAVE TO THINK ABOUT LOOKING AT
MY BATTLE BUDDIES. MY FRIENDS IN
THE EYE. AND TELL THEM ABOUT
THIS VOTE TODAY. I GOT TO TELL
HIM HEY, THERE'S A POSSIBLE
RISK. NOW I WAS THE LEAD VEHICLE
COMMANDER OVERSEAS. AND WE DID
THIS THING CALLED RISK
MANAGEMENT. WHERE IF WE KNEW
THERE WAS A POSSIBILITY OF A
RISK. WE DID SOMETHING TO FIX IT
TO MITIGATE IT TO MAKE SURE WE
WEREN'T GOING TO PUT OUR GUYS IN
DANGER. WHAT I'M HEARING TODAY
IS THAT THERE IS A POSSIBLE
CHANCE OF A RISK. THAT THE BILL
IS STILL HOLD THAT WE CAN STILL
PROVIDE PROTECTIONS WITHOUT
SECTION FIVE. BUT WHEN IT COMES
TO AT THIS BUYING THAT PURCHASE
AT THAT TIME YOU KNOW, I
REMEMBER BEING A YOUNG GUY
BUYING A CAR FOR THE FIRST TIME
AND I'M GONNA LISTEN. MY
PARENT'S GOING. MAKE SURE YOU
GET THE GAP INSURANCE WITH IT
BECAUSE YOU MAY NOT BE ABLE TO
AFFORD GETTING GAP INSURANCE
THROUGH YOUR INSURANCE OR
THROUGH ANOTHER WAY TO GET IT AT
THE TIME OF PURCHASE. MEMBERS
YOU'RE ALL GONNA VOTE HOW YOU'RE
GOING TO VOTE ON THIS. FOR THE
LIFE OF ME. I WITH THIS SECTION
FIVE THINGS. I LOVE ALL THE
OTHER PROTECTIONS IN THIS BILL.
I'M GLAD THE SENATORS HERE, BUT
IT'S. WHAT I'M TRYING TO GET AT
IS JUST THAT POTENTIAL THAT
POSSIBILITY OF A RISK. TO ME,
MAKES IT WORTH IT TO TAKE THE
SECTION FIVE OUT. AND I CAN'T
FOR THE LIFE OF ME GO BACK HOME
AND UNTIL ONE OF MY BUDDIES WHEN
ONE OF MY VETERAN BUDDIES ONE OF
MY ACTIVE DUTY BUDDIES HE HAD
VOTED ON SOMETHING THAT COULD
TAKE SOMETHING AWAY FROM YOU
WHETHER YOU WANT TO USE IT OR
NOT. TO CAST A VOTE TO TAKE THAT
AWAY WHEN WE COULD AMEND THAT
RIGHT NOW TO TAKE SECTION FIVE
OUT JUST TO GUARANTEE THEM THAT
THAT WAY THAT'S OFF THE TABLE.
WE CAN DEAL WITH THAT AT ANOTHER
TIME. THE REST OF THIS THING IS
GREAT. AND I COMMEND THE AUTHOR
CENTER. I COMMEND YOU FOR THE
WORK ON THIS. THE A G FOR GOING
AFTER THESE PROTECTIONS. BUT WE
ALSO HAVE TO PROTECT OUR GUYS
WHO DON'T KNOW THIS STUFF. IF
THERE'S ANY KIND TYPE OF RISK
REMEMBERS. I CAN'T SUPPORT THAT.
AND THAT'S WHERE I'M AT. THANK
YOU, UM, JUST IN RESPONSE TO MR
MATHIS. THEY CAN STILL GET GAP
INSURANCE. THEY JUST HAVE TO
TAKE THE THEY HAVE TO AGREE.
CORRECT, BUT IT'S AT THAT MOMENT
OF PURCHASE THE WHOLE THING. AND
I DON'T THINK WE WOULD HAVE
OPPOSITION IF THE ROOM IF THERE
WASN'T A RISK. YES THE RISK IS
YOU'RE GOING TO GET LENDERS. WHO
DON'T WANT TO GIVE THE RIGHTS TO
THE VETERANS THAT THEY'RE
SUPPOSED TO BE GIVEN THAT,
FRANKLY, WE AS A AS A COMMITTEE
COMMUNITY WANT TO GIVE THOSE
VETERANS THEY WOULD LOSE THEIR
RIGHTS. NOT ONLY FOR THE GAP
INSURANCE BUT FOR THE LOAN
ITSELF. I THINK I'M YEAH, BOTH
WOULD BE LOST, AND THAT'S
BECAUSE OF SOME REGULATIONS THAT
CHANGED ON THE FEDERAL AND WE
WANT TO. WE WANT TO KEEP THEM ON
THE STATE. THE SECOND THING IS
BUYING THE GAP INSURANCE AT THE
SAME TIME COST YOU MORE THAN 100
FOR $250 POLICY. IT COST YOU
$378. BECAUSE OF THE HUGE
MAKEUP, THE HUGE MARK UPS THAT
THEY PUT ON AND YOU CAN GET IT
FROM INSURANCE FOR LESS STOP.
THANK YOU. THANK YOU. REMEMBER
QUIRK AND THANK YOU FOR YOUR
COMMENTS. SOME REMEMBER MATHIS.
THANK YOU, SENATOR EGGMAN. WE
DID. AN ABUNDANCE OF CAUTION
STARTED THE DIALOGUE ON THIS
BILL WHERE THE MAJORITY LEADER,
UM PRESENTED WE HAD THE
TESTIMONY DONE. WE DID HAVE THE
OPPOSITION. AND WE DID HAVE
QUESTIONS FROM THE DIETS THAT
WERE PRESENTED, UM WOULD YOU
LIKE TO ADDRESS ANY OF THESE
ISSUES? UM THANK YOU. AND I WILL
SAY I WAS I WAS PRESENTING A
BILL SO I WASN'T ABLE TO HEAR
EVERYTHING. BUT I HAVE BEEN ABLE
TO GATHER IN MY STAFF BRIEFED ME
AS WE JOGGED OVER. UM ON WHAT
THE ISSUES ARE AND THANK YOU TO
THE ATTORNEY GENERAL'S OFFICE
FOR BEING HERE BECAUSE HOPEFULLY
THEY WERE ABLE TO ANSWER MOST OF
THE QUESTIONS. YES ALSO AS A
VETERAN MYSELF AND AS SOMEBODY
WHO, UH, GOT INTO A VERY BAD CAR
DEAL WHEN I GOT OUT. UM THIS
THIS IDEA OF THE GAP INSURANCE
AND I KNOW THERE'S A BIG COAL
COALITION OF PEOPLE WHO ARE
OPPOSED ON THAT SECTION FIVE I
WOULD OFFER ALSO OFFER. THOSE
ARE THE PEOPLE WHO ARE MAKING
THE BIGGEST PROFIT ON THAT KIND
OF PRODUCT RIGHT? BECAUSE IT'S
THE BUNDLING, AND SO IF YOU'RE
GOING TO BE PAYING, YOU KNOW AN
INCREDIBLE AMOUNT OF INTEREST.
IT'S NOT ONLY ON THE CAR, BUT ON
THAT ADDITIONAL LOAN AS WELL,
RIGHT SO THE IDEA OF YOU CAN
STILL GET THE GAP, BUT THE FOLKS
WON'T MAKE AS MUCH MONEY ON IT
BECAUSE THEY'RE NOT BUNDLING IT
TOGETHER WITH THE COST OF THE
CAR AT THE SAME TIME. UM SO
THAT'S KIND OF THE ISSUE WITH
SECTION FIVE. YES, SOME PEOPLE
DON'T LIKE IT, AND YOU WOULD
SAY, BECAUSE THERE'S A CHANCE
PEOPLE WOULDN'T GET SOMETHING.
I'D SAY IT'S BECAUSE A BIGGER
CHANCE THAT PEOPLE WON'T MAKE AS
BIG A PROFIT ON WHAT WE KNOW, UM
, ARE VERY VULNERABLE FOLKS WHEN
THEY GET OUT, MAYBE NOT
VULNERABLE, BUT THEY'VE GOT A
PAYCHECK IN THEIR POCKET AND
THEY'RE READY TO DO SOMETHING
WITH IT. UM AND SO AND WE KNOW
AND COMMUNICATE SULTAN. I HAVE
WORKED ON ISSUES TO AROUND FOUR
PROFIT, UH, COLLEGES THAT WILL
GO AFTER THAT SAME DEMOGRAPHIC
BECAUSE THEY KNOW THEY HAVE A V
A LOAN AND THEY GET CHARGED
EXORBITANT RATES COME OUT WITH A
LOT OF DEBT AND OFTENTIMES NOT
GET THE PRODUCT THEY WERE
LOOKING FOR. SO THAT IS WHY WE
WERE NOT GOING TO REMOVE SECTION
FIVE, BECAUSE WE DO BELIEVE IT'S
A BIG PROTECTION THAT THAT
FURTHER MAKE SURE THAT THAT THAT
THAT THAT SERVICE MEMBER IS
PROTECTED UNDER THE EMMA EMMA M.
L. A S THANK YOU. THANK YOU FOR
THAT CLARITY. UM. AT THIS POINT
THIS BILL DOES. ENJOY A DO PASS
RECOMMENDATION FROM THE CHAIR.
WOULD YOU LIKE TO PROVIDE
CLOSING STATEMENT? JUST AGAIN.
I'M SORRY. I MISSED THE
CONVERSATION. IT SOUNDS LIKE IT
WAS GOOD AND LIVELY, AND I THINK
THE MAJORITY LEADER FOR STEPPING
IN FOR ME AND WHAT SOLDIERS DO
THANK YOU VERY MUCH. AND I WOULD
RESPECTFULLY ASK FOR YOUR I
VOTE. THANK YOU. WE HAVE A
MOTION OF CENSURE. THANK YOU.
PLEASE CALL THE ROLL. THE MOTION
IS DUE PAST TWO APPROPRIATIONS.
RAMOS ALMOST I VOEPEL VOEPEL.
AYE, BOERNER HORVATH.
BOERNER HORVATH I DAILY? DAILY I
MATHIS MATHIS. NO MURATSUCHI.
PETRIE-NORRIS PETRIE-NORRIS.
AYE, SALAS. SMITH. SMITH NOT
VOTING RAISE. RAISE I WORK I
THANK YOU, MA'AM 70. THANK YOU
THAT BILLS OUT. IN 1717. ONE OR
NOT VOTING THAT BUILDS OUT
RECOMMENDATION TO
APPROPRIATIONS. WE WILL KEEP THE
ROLL CALL OPEN FOR ABSENT
MEMBERS FOR A LITTLE WHILE.
THANK YOU. THANK YOU. MAJORITY.
WHAT IS IT? FIRST MEETING. WOW
YEAH. WE WANT TO GO AHEAD AND
ADD ON ABSENT MEMBERS. ADDING ON
SOME MEMBERS CODY PETRIE-NORRIS
OKAY. FOR SP 43 DO PAST TWO
APPROPRIATIONS PETRIE-NORRIS.
PETRIE-NORRIS I AND THE CONSENT
CALENDAR PETRIE-NORRIS.
PETRIE-NORRIS. AYE. THANK YOU.
THANK YOU OPEN UP THE ROLE FOR
ADD ONS.
THE 43. THE MOTION IS DUE PASS
TO APPROPRIATIONS MURATSUCHI Ó
pTHREE. 1311 THE MOTION IS DUE
PASS TO APPROPRIATIONS
MURATSUCHI. MURATSUCHI I AND THE
CONSENT CALENDAR MURATSUCHI.
MURATSUCHI. AYE. THANK YOU. WITH
THAT JUST MEANS A JOURNEY.