Commercial Law and Financial Institutions - Credit Regulation - Shared Appreciation Agreements
Sponsor: Pam Queen (District 14)Committee: Economic MattersSubject: Commercial Law - Credit RegulationStatus: Approved by the Governor - Chapter 568 (as of Nov 9, 2023)
What this bill does
Official synopsis
Making certain shared appreciation agreements subject to the Maryland Mortgage Lender Law and other provisions of law that regulate certain loans of single extensions of closed end credit and revolving credit plans; and authorizing the Commissioner of Financial Regulation to adopt certain regulations regarding the enforcement of and compliance with provisions of law that regulate shared appreciation agreements.
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Testimony (12)
MGA witness listFAV 7FavorableUNF 1UnfavorableINFO 4Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Hennen, Amy | Office of the Commissioner of Financial Regulation, Department of Labor | Oral + Written (PDF) |
| FAV | Hennen, Amy | Office of the Commissioner of Financial Regulation, Department of Labor | Written (PDF) |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| FAV | Delegate Queen, Delegate Queenlegislator | Individual | Oral |
| FAV | Queen, Pamela | Individual | Oral + Written (PDF) |
| UNF | Duffy, Suzanne | Concerned Citizen | Position only |
| INFO | Windsor, Matthew | Point Digital Finance, Inc. | Oral + Written (PDF) |
| INFO | Windsor, Matthew | Point Digital Finance, Inc. | Oral + Written (PDF) |
| INFO | Sakamoto-Wengel, Steven | Individual | Written (PDF) |
| INFO | Sakamoto-Wengel, Steven | Individual | Written (PDF) |