HB1297: Trade regulation.

Legislative Summary

Trade regulation. Repeals the Indiana Code chapter that establishes the five star mortgage program under which the department of financial institutions must: (1) certify lenders that offer certain residential mortgage products as "five star mortgage lenders"; and (2) allow lenders to use that designation in marketing materials and solicitations to Indiana customers. Strikes references to the program in sections of the Indiana Code concerning: (1) alternative investment programs for the legislators' defined contribution fund; (2) investments in mortgage pools by the board of trustees of the Indiana public retirement system; and (3) alternative investment programs for annuity savings accounts in the public employees' retirement fund. Makes various changes to the statutes governing the state and local weights and measures program administered by the division of weight and measures of the state department of health to do the following: (1) Remove or replace outdated terminology. (2) Update practices, procedures, and requirements. (3) Repeal the existing Indiana Code section concerning the offering for sale and packaging of commodities (including vegetables, berries, and small fruits) and replace the section with language concerning the offering for sale and packaging of berries and small fruits. (4) Repeal the existing Indiana Code chapter concerning grades for sweet potatoes.