February 07, 2009

Lawmakers Friday questioned the wisdom of the governor’s plan to merge the Financial Institutions and Mortgage Lending divisions when Nevada has the nation’s worst foreclosure rate.“I’m not a fan of this proposal to save some $266,000, which is the price of an average home,” said Assemblyman Marcus Conklin, D-Las Vegas.

He said there are constantly “new things” coming out, often promoted by unscrupulous businessmen and “more and more federal legislation that’s going to require more and more at the state level.”