SF3290 Summary

• Appropriations and Budget Reductions: Reduces appropriations for environment, natural resources, energy, and commerce agencies totaling $6.3 million across fiscal years 2010-2011, with corresponding fund transfers to the general fund.

• Youth Hunting Modifications: Redefines "accompanied" for youth hunters with specific distance and proximity requirements based on age and game type (small game, big game, turkey); raises apprentice hunter validation eligibility to age 12 and allows two-year validity instead of one year.

• Mortgage Licensing (SAFE Act): Creates comprehensive new Chapter 58A establishing licensing and registration requirements for mortgage loan originators through the Nationwide Mortgage Licensing System, including prelicensing education, testing, continuing education, and surety bond requirements.

• License Fees and Renewal: Reduces residential mortgage originator initial license fees from $2,125 to $1,000 and renewal fees from $1,125 to $500; changes license renewal dates from August to January of odd-numbered years.

• Regulatory and Enforcement Authority: Grants the Commissioner of Commerce broad authority to investigate, examine, and enforce mortgage licensing requirements with penalties up to $25,000 per violation and establishes confidentiality protections for information shared with federal regulators.