Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods
Sponsor: Pam Queen (District 14)Committee: Economic MattersSubject: Financial InstitutionsStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 426 (as of Dec 1, 2021)
What this bill does
Official synopsis
Requiring certain credit grantors to adhere to certain rules concerning evaluations of applications and, under certain circumstances, consider alternative methods of evaluating an applicant's creditworthiness when evaluating an application for a primary residential mortgage loan or an extension of credit.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (19)
MGA witness listFAV 13FavorableFWA 4Favorable with amendmentsINFO 2Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Wright, Ron | Greater Metropolitan Association of Realtist (GMAR) | Written (PDF) |
| FAV | Rasmussen, Dennislobbyist | MMBBA | Written (PDF) |
| FAV | Lehman, Mindy | Maryland Bankers Assocation | Written (PDF) |
| FAV | Enten, Robert | Maryland Building Industry Assoc | Oral |
| FAV | Britt, Adiena | N/A | Position only |
| FAV | Wilkerson, Alicelobbyist | Strong Future Maryland | Written (PDF) |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| FAV | Queen , Pamela | Individual | Oral + Written (PDF) |
| FAV | Queen , Pamela | Individual | Written (PDF) |
| FAV | Spann, Stacy | Individual | Oral |
| FAV | Wilson Randall, Claudia | Individual | Oral + Written (PDF) |
| FAV | Winfield Dixon, Takirra | Individual | Oral |
| FWA | DiPietro, Chris | CDi Consulting Services, L.L.C. on behalf of Microsoft | Oral |
| FWA | Weintraub, Jasonlobbyist | MTHA | Oral |
| FWA | Enten, Robert | Maryland Building Industry Assoc | Oral |
| FWA | Murray, Rorylobbyist | Individual | Oral + Written (PDF) |
| INFO | Fulginiti, Andrew | Maryland Department of Labor | Written (PDF) |
| INFO | Cunningham, Joseph | Individual | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVRasmussen, DennisMMBBARegistered for: Baltimore Children's Museum, Inc. dba Port Discovery Children's Museum; Chesapeake Renewable Energy, LLC; Chesapeake Ventures Development, LLC; Greater Ocean City Maryland Chamber of Commerce, Inc.; HarborRock Holdings, LLC; Maryland Mortgage Bankers & Brokers Association (MMBBA)…
FWAWeintraub, JasonMTHARegistered for: AFSCME Council 3; Albertsons Companies, Inc.; American Property Casualty Insurance Association; COPT Defense Properties; CVS Health; CareFirst BlueCross BlueShield…
FWAMurray, RoryRegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables…