Commercial Law - Ability to Repay Verification - Exemption
Sponsor: Nicholaus R. Kipke (District 31)Committee: Economic MattersSubject: Financial InstitutionsStatus: Hearing 3/22 at 1:00 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Exempting mortgage loans made by community development financial institutions from certain requirements to verify the borrower's ability to repay.
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Testimony (11)
MGA witness listFAV 7FavorableFWA 1Favorable with amendmentsUNF 2UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Jabin, Drew | Maryland Bankers Association | Written (PDF) |
| FAV | Jabin, Drew | Maryland Bankers Association | Written (PDF) |
| FAV | McKay, Brendan | McKay Mortgage Company | Oral |
| FAV | Gilleland, Emily | Office of Delegate Nic Kipke | Oral + Written (PDF) |
| FAV | Gilleland, Emily | Office of Delegate Nic Kipke | Written (PDF) |
| FAV | Delegate Kipke, Delegate Kipkelegislator | Individual | Oral |
| FAV | Delegate Kipke, Delegate Kipkelegislator | Individual | Oral |
| UNF | Wilpone-Welborn, Kira | Consumer Protection Division of the Maryland Office of the Attorney General | Written (PDF) |
| UNF | Wilpone-Welborn, Kira | Consumer Protection Division of the Maryland Office of the Attorney General | Written (PDF) |
| FWA | RASMUSSEN, DENNISlobbyist | The Rasmussen Group LLC | Written (PDF) |
| INFO | Gough,, Timothy | Maryland Mortgage Bankers and Brokers Association, | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FWARASMUSSEN, DENNISThe Rasmussen Group LLCRegistered 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)…