Financial Institutions – Mortgage Loan Originators – Independent Contractors
What this bill does
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; requiring licensed mortgage lenders to supervise certain activities of certain mortgage loan originators in a certain manner; and requiring the Commissioner of Financial Regulation to submit a report to certain committees of the General Assembly on or before December 31, 2024, on mortgage loan originators.
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 (8)
MGA witness list| 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 | Stidham, Michael | Rocket Mortgage | Oral + Written (PDF) |
| FAV | Harting, Martalobbyist | Venable | Written (PDF) |
| FAV | Senator Klausmeier, Senator Klausmeierlegislator | Individual | Oral |
| UNF | Green, Richard | Presidential Bank, FSB | Oral + Written (PDF) |
| UNF | RASMUSSEN, DENNISlobbyist | The Rasmussen Group LLC | Written (PDF) |
| INFO | Hennen, Amy | Office of the Commissioner of Financial Regulation, Department of Labor | Oral |