Video & Transcript : 'loan intermediaries' :
Page 5 of 273
WA
Transcript Highlights:
- First, the commission is authorized to make mortgage loans directly to borrowers for multifamily housing
- lender and is not authorized to compete with private financial institutions in originating mortgage loans
- were clear that the Housing Finance Commission is not actually providing individual retail mortgage loans
- So in the first bullet point here, we talk about a down payment assistance loan.
- Senate Bill 5188 would authorize the Public Works Board to issue loans to assist in funding broadband
Committee:
House Capital Budget
Keywords:
embodied carbon, building materials, sustainability, construction, environment, broadband, infrastructure, loan assistance, economic development, technology access, HB 2353, predesign thresholds, capital construction, capital budget, major capital projects, Office of Financial Management, OFM, Washington state, state agencies, infrastructure planning
AZ
Arizona 2026 Regular Session
02/05/2026 - House Rural Economic Development
House Rural Economic Development Committee of Reference
Transcript Highlights:
- When you say intermediaries, who are you referring to?
- When you say intermediaries, who are you referring to?
- I think we'd be referred to as one of those intermediaries.
- A loan has to be repaid.
- So your state can't do a loan or a grant as efficiently as it can do a state credit.
Summary:
The committee began with short video presentations highlighting historic sites in Prescott, including the Arizona Pioneer Home and the Charlotte Hall Museum/First Territorial Governor’s Mansion, with members discussing the value of showcasing district landmarks and rural history. The committee then took up HB 2804, a bill to create a state rural development and housing tax credit tied to the federal low-income housing tax credit for projects in counties under 800,000 population. Supporters, including the Flagstaff mayor and several affordable-housing developers, said the bill would help finance rural and workforce housing, especially for seniors, veterans, and low-income residents, while opponents from the Arizona Free Enterprise Club argued the program is inefficient, hard to police, and benefits intermediaries more than residents. Members debated the policy at length, but the bill was ultimately passed on a 7-0 vote with a due pass recommendation.
The committee then considered HB 2388, which would appropriate unspecified funds to the Arizona Commerce Authority to study the economic benefits of small modular reactors and data centers for the state and local governments. The sponsor described it as a study bill to gather information on a topic already drawing significant attention, and a representative from the Libre Initiative supported it as a way to assess workforce and economic opportunities. Members discussed possible amendments, including adding data on utility-rate impacts and other costs, and the sponsor said she was open to that conversation. The bill passed on a 6-1 vote, with one member opposed and others expressing support contingent on possible amendments.
MN
Minnesota 2025-2026 Regular Session
Committee on Commerce and Consumer Protection - 03/25/25
Commerce and Consumer Protection
Transcript Highlights:
- One of the bill's provisions removes a requirement that a conventional or cooperative apartment loan
- its loan size it is governed under 47.2, subdivision 4A.
- </c><00:49:10.599><c> size</c><00:49:11.200><c> it</c> loans and regardless of its loan size it loans
- intermediary?
- c><01:47:08.320><c> CB</c><01:47:08.840><c> Senator</c> intermediary Mr Smith chair CB Senator intermediary
Committee:
Senate Commerce and Consumer Protection
AZ
Arizona 2026 Regular Session
02/05/2026 - House Rural Economic Development
Rural Economic Development
Transcript Highlights:
- When you say intermediaries, who are you referring to? And you feel that we should not...
- When you say intermediaries, who are you referring to?
- I think we'd be referred to as one of those intermediaries.
- A loan has to be repaid.
- So your state can't do a loan or a grant as efficiently as it can do a state credit.
ID
Transcript Highlights:
- The other issue with that is that securities intermediaries, which are the brokers and the custodians
- How many security intermediaries are there in Idaho? Mr. Grady. Mr.
- This would apply to the larger intermediaries that are based in New York.
- This would apply to the larger intermediaries that are based in New York and Delaware or Belgium.
- That's talking about the securities intermediary and where they are located.
Committee:
House Business
WA
Transcript Highlights:
- And on those loans, we’re average in at 50%.
- So our stack ranking of our... ...term, less liquid loans and investment securities.
- The reason we do that is our loans... ...and agencies and bullets and treasuries.
- As a bank, you can only loan out what you have. You give it a dollar, it can loan out 90 cents.
- As a bank, you can only loan out what you have. You give it a dollar, it can loan out 90 cents.
Bills:
SB5754
Committee:
Senate Ways & Means
OK
Transcript Highlights:
- accepted best practices requirements, such as setting fiduciary standards for directors, prohibiting loans
Committee:
Senate Judiciary
Keywords:
nuisance, racing facility, racetrack, qualified defense, local property rights, noise regulation, legal claims, felony offenses, criminal justice reform, drug offenses, DUI penalties, residential treatment, human trafficking, victims, prevention, support services, Attorney General, pilot program, grant funding, public comment
NM
New Mexico 2026 Regular Session
House - Health and Human Services Feb 16th, 2026 at 09:04 am
House Health & Human Services
Transcript Highlights:
- Loan repayment, particularly for physicians.
- the loan by itself.
- Of the loan plus 15 percent interest in this bill.
- Complete loan. And no other state has anything like that.
- If they have a big loan, they can do that.
Committee:
House House Health & Human Services
Keywords:
SB 101, Health Care Delivery and Access Act, repeal of repeal, sunset repeal, delayed repeal, health care, healthcare, access to care, medical services, provider regulation, state health law, New Mexico, SB 21, Medicare supplement, Medigap, open enrollment, guaranteed issue, birthday month enrollment, health insurance, insurance regulation
WA
Transcript Highlights:
- includes The language stating the support of common schools includes debt service on construction loans
- However, the property can be rented or loaned to another organization if that use would otherwise qualify
- Under House Bill 2610, a property receiving the nonprofit homeownership exemption may be rented or loaned
- And this simply says, hey, if they loan it out or rent it out to another community organization for qualifying
Committee:
House Finance
Keywords:
property tax, reform, local government, taxpayer, funding, agriculture, tax exemption, farm machinery, equipment, sales tax, HB 2610, property tax exemption, nonprofit housing, affordable housing, low-income housing, community use, temporary use, charitable property, Washington property tax, Department of Revenue
IA
Committee:
Joint State Government
Keywords:
SSB1031, SF 213, Iowa, Department of Administrative Services, DAS, state librarian, library services, public libraries, state agency libraries, Enrich Iowa, open access, interlibrary loan, library funding, performance measures, biennial report, unified plan of service, library standards, administrative reform, state aid to libraries, DIAL
ID
Transcript Highlights:
- from using that some of the higher intermediaries from using that collateral to make risky or highly
- That makes it clear that all interests in the financial asset held by the securities intermediary are
- intermediary, and are not subject to claims of creditors of the intermediary except as otherwise provided
- Allow the intermediary to gain control of those securities.
- And it says that the interests of the intermediary and if so, how?
Committee:
Senate Commerce and Human Resources
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Feb 17th, 2026
Transcript Highlights:
- The details of the loan are that CalSTA is required to loan up to $590 million to the Metropolitan Transportation
- So on the transit loan oversight, who is the oversight?
- Once we've loaned this money, because here's my struggle with more and more money being now loaned, is
- Sure, I think that, um, “For this loan? Sure.
- “November, the loan terms are tight on the AB 117 loan, and we have securitization from existing funding
Summary:
The Senate Budget Committee heard two bills: AB 107, a budget bill junior making largely technical changes to the 2023, 2024, and 2025 Budget Acts, and AB 117, a trailer bill authorizing a regional transit loan package for Bay Area agencies. Department of Finance staff said AB 107 contains no new state money or new policy items, but makes adjustments such as extending encumbrance periods, updating federal authority, moving $20 million in tourism promotion funding from Visit California to GoBiz, and adding an APA exemption for certain climate bond program guidelines. AB 117 would allow CalSTA to loan up to $590 million from unallocated Transit and Intercity Rail Capital Program funds to MTC, which would then lend to BART, Muni, Caltrain, and AC Transit; the loans would run 12 years with two years interest-only, and the state said the structure is intended to be cost-neutral and protected by repayment safeguards.
Committee discussion focused heavily on transparency, oversight, and whether the transit loan could jeopardize future projects or become a de facto bailout if a Bay Area sales tax measure fails. Several senators questioned the need for the APA exemption in AB 107, arguing that emergency or existing public processes might provide better oversight, while supporters said the exemption was needed to get voter-approved climate bond funds out the door and that the language had already been agreed to in the budget process. On AB 117, senators raised concerns about declining ridership, fare evasion, safety, post-pandemic travel patterns, repayment sources, and the impact on other TIRCP projects such as BART Phase 2. Finance staff and transit representatives responded that ridership changes were driven by COVID-era shifts, labor and safety issues, and changing commute patterns, and that the loan would be secured against existing state transit assistance streams rather than general fund dollars.
Public comment was largely supportive of both bills. Water, natural resources, and environmental groups backed the APA exemption in AB 107, saying it would speed implementation of Proposition 4 funding for water recycling, wildfire, coastal resilience, and related projects. Transit agencies and labor groups supported AB 117, saying the loan is needed to stabilize operations and preserve service while local revenue measures and efficiency efforts are pursued; San Francisco, Caltrain, BART, and AC Transit all testified in favor, though San Jose asked for stronger protections for previously approved TIRCP-funded projects. The committee first passed AB 107 and AB 117 on 8-4 and 9-4 votes, placed them on call, then later lifted the calls and both bills ultimately passed with 11 votes each and were sent out of committee.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Feb 17th, 2026
Budget and Fiscal Review
Transcript Highlights:
- The details of the loan are that CalSTA is required to loan up to $590 million to the Metropolitan Transportation
- I'm going to move on to the transit loan oversight.
- Once we've loaned this money, because here's my struggle with more and more money being now loaned, is
- Sure, I think that, um, “For this loan? Sure.
- terms are tight on the AB 117 loan, and we have secure—” “November, the loan terms are tight on the
Committee:
Senate Budget and Fiscal Review
Summary:
The Senate Budget and Fiscal Review Committee heard two measures: AB 107, a budget bill junior making largely technical changes to the 2023, 2024, and 2025 budget acts, and AB 117, a trailer bill authorizing a $590 million loan structure to support four Bay Area transit agencies through the Metropolitan Transportation Commission using unallocated Transit and Intercity Rail Capital Program funds. Finance explained AB 107 included technical fixes such as extending encumbrance periods, updating federal authority, correcting fiscal language, moving $20 million for California travel promotion from Visit California to GoBiz, and adding an APA exemption for implementation of already-approved climate bond programs. AB 117 was described as a cost-neutral regional solution with a 12-year loan term, two years interest-only, and repayment secured through existing state transit funding streams, with oversight by CalSTA, CTC, and MTC to limit impacts on other projects.
Members raised concerns about transparency, competitive bidding, and whether APA exemptions and no-bid or emergency processes could reduce oversight, while supporters argued the exemptions were needed to get voter-approved climate and wildfire-related funds out the door. On AB 117, senators questioned whether the loan could become a de facto bailout if a Bay Area sales tax measure fails, whether post-pandemic ridership declines and safety/fare-evasion issues are temporary or structural, and whether the loan could jeopardize TIRCP-funded capital projects such as BART Phase 2. Transit agencies and local representatives testified in support, saying ridership is recovering, the loan is critical to avoid service cuts, and the Bay Area economy depends on transit stability.
The committee first passed AB 107 on a 9-4 vote and AB 117 on a 9-4 vote, then held both bills on call. After recess, absent members returned and both measures were lifted from call and passed with 11 votes each. The committee then adjourned.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Committee Feb 17th, 2026
Budget and Fiscal Review
Transcript Highlights:
- The details of the loan are that CalSTA is required to loan up to $590 million to the Metropolitan Transportation
- Once we've loaned this money, because here's my struggle with more and more money being now loaned, is
- say, well, the loan is forgiven now?
- Sure, I think that, um, “For this loan? Sure.
- “The loan terms are tight on the AB 117 loan, and we have securitization from existing funding streams
Committee:
Senate Budget and Fiscal Review
WA
Washington 2025-2026 Regular Session
Senate Ways & Means Jan 15th, 2026
Transcript Highlights:
- To work with an intermediary that's not trying to steal their customers and depositors, and that can
- Banks have the ability to leverage that deposit to a certain extent, both in loans and securities.
- And on those loans, we're averaging at 50%.
- Loan programs that actually built the federal highway system.
- As a bank, you can only loan out what you have. You give it a dollar, it can loan out 90 cents.
Summary:
The committee first received a JLARC work session on the 2025 tax preference performance reviews, covering nine tax preferences and recommending legislative action on eight. JLARC reviewed natural gas transportation fuel preferences, travel agent and tour operator B&O rates, a property tax exemption for nonprofit low-income housing developers, and several shorter reviews including senior center property tax relief, a disabled veteran adapted housing remittance, trade convention nexus treatment, wholesale sales of fertilizer/pesticides/seed, a hazardous substance tax exemption for pesticides stored for out-of-state shipment, and three energy-related preferences for a silicon smelter. JLARC generally recommended continuing preferences that met stated or inferred objectives, modifying some to improve reporting or performance metrics, and allowing the unused silicon smelter preferences to expire. The Citizen Commission endorsed JLARC’s recommendations, and committee members asked a few clarifying questions, including about trends in travel agent/tour operator beneficiaries and the housing exemption’s performance metric and data issues.
The committee then heard a work session and public hearing on Senate Bill 5754, which would create a Washington State public bank. A presentation from California public banking advocates and the Bank of North Dakota described public banks as government-owned financial institutions intended to keep public funds working locally, support lending for housing, infrastructure, and community development, and partner with community banks and credit unions. Committee questions focused on leverage, liquidity, constitutional issues, and how the model would interact with existing state investment and debt structures. Staff summarized the bill’s structure, including activation conditions, governance, powers, and fiscal impacts, noting the fiscal note was largely indeterminate and startup costs could be significant.
Public testimony on SB 5754 was divided. Supporters included statewide elected officials, county and city officials, labor, educators, community advocates, and residents, who argued the bank could lower borrowing costs, improve access to capital, keep public money in Washington, and help finance infrastructure, housing, and disaster resilience. Opponents included community bankers and county treasurers, who warned about risks to safety and liquidity of public funds, questioned the need for a new institution given existing programs, and argued the proposal lacked a proven track record in Washington. The hearing concluded with no vote taken in the transcript.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (03/12/2025)
Transcript Highlights:
- </c> is therefore likely qualified for a loan is therefore likely qualified for a loan so<00:36:26.480
- </c> fact now the lender to the intermediary fact now the lender to the intermediary which<01:06:46.720
- </c><01:13:27.400><c> that</c> these unregulated intermediaries that these unregulated intermediaries
- </c> they needed to fund the margin loans they needed to fund the margin loans those<01:19:05.040><c>
- </c><01:19:53.520><c> because</c> uh credit to the uh intermediary because uh credit to the uh intermediary
Summary:
The subcommittee first took up several bills and repeatedly chose to retain or table them rather than advance them. House 167, dealing with past wax, was voted ought to pass; House 312 was retained because members said NCAA-related advertising and uniform policy issues were still unresolved; House 434, requiring insurers to provide rental cars for at least seven days, was voted inexpedient to legislate; and House 454, on biodegradable packaging claims, was also voted inexpedient to legislate after members said the proposal lacked a workable enforcement mechanism and would likely be only a symbolic state-by-state measure. House 721, making gold legal tender, was retained, with members saying the bill needed more work and that the issue was less compelling in New Hampshire because the state has no sales tax.
The committee then discussed House 310, which was amended to create a study commission on blockchain and related regulatory issues. The amendment expanded the commission’s charge to include legal, regulatory, financial, technological, and environmental considerations, added review of federal developments, included blockchain-based trust and stable token issues, broadened membership, and extended the repeal and report dates by a year. Members said the commission would help New Hampshire develop expertise and a report for future legislation, while also noting that federal action could affect the state’s role. The amendment was adopted 8-1, and the bill itself was then retained.
Finally, the subcommittee heard a revised amendment to House 406 on business filings and registered agents. The Secretary of State’s office explained that the amendment, drafted with input from the Business and Industry Association, narrows the bill to address fraudulent or unauthorized entity filings after a written complaint and sworn statement, sets minimum requirements for registered agents, bars use of commercial mail-drop addresses as registered offices, and allows removal or cancellation of fraudulent filings with penalties for false filings. Members asked about which entities must maintain registered offices and how the rules would affect home-based businesses; the sponsor said most New Hampshire business entities must have a registered office, with some exceptions such as domestic nonprofits and trade names. The discussion emphasized concerns about synthetic entities, identity misuse, and the need for a physical in-state registered agent address.
MN
Minnesota 2025-2026 Regular Session
Committee on Housing and Homelessness Prevention - 03/04/25
Housing and Homelessness Prevention
Transcript Highlights:
- We conduct file audits on 10% of closed loans for program compliance, review all closed loan files for
- We conduct file audits on 10% of closed loans for program compliance, review all closed loan files for
- for program compliance review all loans for program compliance review all closed<00:08:55.720><c> loan
- collect all closed loan documents doents collect all closed loan documents doents via<00:09:00.120><c
- </c> reservations for about 35% of the loan reservations for about 35% of the loan funds<00:10:23.560
Committee:
Senate Housing and Homelessness Prevention
OK
Oklahoma 2026 Regular Session
General Government REVISED: HB4434 - Added Feb 17th, 2026 at 01:30 pm
General Government
Committee:
House General Government
Keywords:
housing, legislative committee, affordable housing, Oklahoma Housing Finance Agency, policy improvement, HB4414, Oklahoma Homebuilder Program, OHFA, single-family housing, homebuilder loans, 0% interest loan, housing finance, workforce housing, Legislative Workforce Housing Committee, housing needs assessment, community housing assessment, disaster recovery housing, federally declared natural disaster, rural housing, urban housing
HI
Hawaii 2026 Regular Session
AGR Public Hearing - Wed Feb 11, 2026 @ 9:30 AM HST
Agriculture & Food Systems
Transcript Highlights:
- Next up, we have House Bill 2216 relating to agricultural loans.
- It appropriates funds out of the agricultural loan revolving fund to increase its expenditure ceiling
- </c> relating to agricultural loans. relating to agricultural loans. authorizes<00:33:38.960><c> the<
- </c> portion of its agricultural loan portion of its agricultural loan portfolio<00:33:43.600><c> to<
- Next, we have House Bill 2216 relating to agriculture loans.
Bills:
HB1602 , HB2246 , HB1707 , HB2216 , HB2594 , HB2595 , HB2155 , HB2113 , HB2207 , HB1832 , HB2015 , HB2152 , HB2548
Keywords:
agriculture, grant specialist, financial support, farmers, Hawaii, federal grants, grant administration, revolving fund, department of agriculture and biosecurity, grant compliance, transportation, reimbursement, food security, local production, sustainability, agricultural loans, financing, Department of Agriculture and Biosecurity, Hawaii agriculture, loan portfolio
WA
Transcript Highlights:
- Because infill builders often use hard money loans at 10 to 12 percent interest, supporting streamlined
- of owner-occupied single-family housing except for loans for down payment assistance.
- to the Commission to directly make mortgage loans does not include the authority to make residential
- housing except for loans for down payment assistance.
- Increases the loan repayment timeline to no more than 48 months rather than 36.
Committee:
Senate Housing
Keywords:
building code, scissor stairs, safety regulations, construction standards, statebuilding regulations, residential building, construction permits, housing development, planning efficiency, state regulations, wildfire, home hardening, fire-resistant materials, fire-hardened building materials, common interest communities, homeowners association, HOA, condominium, condo association, wildland urban interface