Pub. 3 2013-2014 Issue 6

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S May• June 2014 21 also served the company in the area of loan review. He serves on the CBA’s Government Affairs Committee, Legislative Review Subcommittee and is the former Chairman of the Association’s Dodd-Frank Task Force. He serves as Chairman of the Ameri- can Bankers Association’s Residential Real Estate Appraisal Subcommittee and previously served on the ABA’s Government Relations Council Administrative Committee. He also serves on the Board of Trustees of The Appraisal Foundation. He holds the designation as a Certified Regulatory Compliance Manager. He has previously served as the commercial bank representative on the Colorado Board of Real Estate Apprais- ers. He received his B.B.A. from the University of New Mexico and is a graduate of the Graduate School of Banking at the University of Wisconsin. CBA thanks 2013-2014 chairman Koger Propst, Sturm Fi- nancial and ANB Bank, for his leadership and service. State-owned bank effort fails a seventh time In a reahearing of the Colorado Title Board on April 24, the Colorado Bankers Association challenged two potential mea- sures seeking to appear on the November ballot. Proponents of creating a state-owned bank filed a seventh attempt at creating a state-owned bank which would be self-regulated and not subject to the same state and federal laws to which all other banks must adhere. CBA President and CEO Don Childears had previously dubbed the idea as a “state-owned super-bank,” which would be backed by the “full faith and credit of the State of Colorado.” The Colorado Title Board voted unanimously to bar the proposal from proceeding, finding it violated Colorado law requiring a ballot measure to cover a single subject. Foreclosure ballot initiative advances Also, during the rehearing, a proposed foreclosure Consti- tutional amendment measure requiring the original evidence of debt and recorded assignments, was allowed to move forward. In part the measure reads, “No person shall be deprived of real property through a foreclosure unless the party claiming the right to foreclose in the foreclosure proceeding files competent evidence of its right to enforce a valid security interest, recorded before the foreclosure is commenced with the Recorder of Deeds, created by Section 8 of Article 14 of this constitution, in the county in which the real property is located. Competent evidence includes: • the evidence of debt, • endorsements, assignments or transfers, the evidence of debt to the foreclosing property if any, of and • duly recorded assignments, if any, of security interest to the foreclosing party.” CBA is weighing options about how to proceed. n Customized for your bank… Outsource your SBA and business lending department to us and we’ll run it – saving your bank time, resources, and overhead. Or take advantage of our customized services including: • SBA/Commercial Lending Underwriting • SBA Loan Processing/Packaging & 1502 Reporting • SBA Portfolio Reviews • SBA Guaranty Purchases & Workouts • SBA Loan Marketing • Comprehensive Bankwide SBA Sales Training We’ll put our 200 years of combined commercial lending experience to work for you. Contact JRB! We have helped more than 200 banks establish and maintain profitable SBA & Business Lending Programs! CBA MEMBERS…LOOKING TO EXPAND YOUR BUSINESS LENDING PROGRAM? S B A L E ND I NG S P E C I A L I S T Consultants to the Business Lending Community Serving CBA Members:Vern Hansen 720.663.8431 Colorado 626.688.2125 West Coast vern@jrbrunoassoc.com Visit our booth at the CBA Annual Summit May 21-22!