Financial Institutions – Mortgage Loan Originators – Independent Contractors
Sponsor: Pam Queen (District 14)Committee: Economic MattersSubject: Financial InstitutionsStatus: Conference Committee Appointed (as of Nov 9, 2023)
What this bill does
Official synopsis
Altering certain provisions of law relating to the licensing of mortgage loan originators to provide for the licensing of certain independent contractors as mortgage loan originators under certain circumstances; and requiring licensed mortgage lenders to supervise certain activities of certain mortgage loan originators in a certain manner.
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Testimony (10)
MGA witness listFAV 7FavorableUNF 1UnfavorableINFO 2Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Ruppersberger IV, Charles A "Cory" | Best Loan Choice | Written (PDF) |
| FAV | DiPietro, Chris | CDi Consulting Services, L.L.C. | Oral |
| FAV | Queen, Delegate | Maryland General Assembly | Written (PDF) |
| FAV | Stidham, Michael | Rocket Mortgage | Oral + Written (PDF) |
| FAV | Wamsley, Keith | Walmsley Strategies | Written (PDF) |
| FAV | Wamsley, Keith | Walmsley Strategies | Position only |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| UNF | West, Derek | Individual | Position only |
| INFO | Salazar, Antonio | Commissioner of Financial Regulations | Oral |
| INFO | Fulginiti, Andrew | Maryland Department of Labor | Position only |