Video & Transcript : 'underwriting restrictions' :
Page 7 of 500
ID
Transcript Highlights:
- If there was no restriction from the CC&Rs, yes, you would.
- So we have very stringent underwriting requirements, as do others, I assume, in the industry.
- We underwrite; our average customer makes $81,000 a year in income that we give a $1,000 loan to.
- So we're very strict on the front end, making sure that we underwrite stringently and don't have ...on
- the front end, making sure that we underwrite stringently and don't have bad debt on the street.
Committee:
House Business
NM
Transcript Highlights:
- The next slide talks a little bit about the underwriting.
- We have underwriting in place.
- We don't have standard underwriting guidelines between our three agencies. I don't believe we do.
- To underwrite an application for us is right; it was around 90 days.
- We have deed restrictions in place for these when we close on that loan. As Mr.
Committee:
Senate Senate Finance
Keywords:
State Fairgrounds District, fairgrounds bonds, public financing, bond authorization, gross receipts tax, gaming tax, tax-backed bonds, infrastructure funding, Albuquerque fairgrounds, State Fair Tid, economic development, municipal bonds, revenue pledge, capital projects, New Mexico finance, special education, office of special education, deputy secretary, public education department, IEP
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Jan 23rd, 2026 at 08:00 am
Consumer Protection & Business
Transcript Highlights:
- an electronic form when the consumer purchases a trip, and there are additional sales practices restricted
- an electronic form when the consumer purchases a trip, and there are additional sales practices restricted
- We are moving to the final section of our work session, and that is the Joint Underwriting Association
- And for background, a joint underwriting association is the, And for background, a joint underwriting
- So, going back to whether a joint underwriting association is feasible, it would solve the availability
Committee:
House Consumer Protection & Business
Keywords:
life insurance, policy lapse, policy cancellation, nonpayment of premium, premium grace period, lapse notice, termination notice, third-party notice, third-party designee, beneficiary protection, consumer protection, insurance regulation, insurer notice requirements, policyholder, beneficiary, Washington RCW, insurance code, unintentional lapse, coverage continuation, premium delinquency
TX
Transcript Highlights:
- restrictions in the same manner as all their underwriting guidelines.
- The underwriting that goes into the rates, or actually the data that has submitted— The underwriting
- But underwriting guidelines are not prior approval.
- We might not even have any underwriters. That's bad.
- I think we’ve seen a very large uptick in underwriting scrutiny.
Committee:
Senate Business & Commerce
AZ
Transcript Highlights:
- The financial advisor would take the bonds to market, find underwriters, and negotiate a lower price
- Representative Fink was recognized by the chair. because they're getting better underwriting rates.
- We would have seen a savings of over $31 million in just underwriting fees alone. That's huge.
- There's restrictions on what they can do with the revenues that they sell.
- But there are already existing legal restrictions regarding the selling or buying of property.
Committee:
House House Education Committee of Reference
Summary:
The committee heard and advanced several school-related bills, with much of the discussion focused on governance, transparency, and accountability in school districts. House Bill 2318 would impose term limits on school district governing board members in districts with at least 250 students, while allowing county superintendents to appoint a term-limited member to fill a vacancy. Supporters argued it would bring fresh ideas and prevent entrenched leadership; opponents said voters should decide. The bill received a due pass recommendation after a divided roll call.
House Bill 2312 would allow certain patriotic youth groups to address students during school hours and require equal access for those groups in school forums. The sponsor said it was intended to promote programs such as FFA, Scouts, and similar organizations. Some members objected that it would take instructional time and was not truly permissive if access was granted to one group, and the bill nonetheless received a due pass recommendation. House Bill 2320 would require school districts to hire a registered independent municipal advisor before calling a bond election and for each successful bond issue. The sponsor and supporters said this could reduce underwriting fees and save taxpayers money, while some members raised questions about costs if a bond failed and whether the bill should be narrowed; it passed with a due pass recommendation after several members voted present or no.
The committee also approved House Bill 2376, which would bar districts from buying or leasing school property while a charter or private school is still operating there, and House Bill 2378, which tightens conflict-of-interest rules for the School Facilities Oversight Board by barring the architect and engineer members from having school-construction business. Both were framed by the sponsor as responses to concerns raised in Tolleson Union-related testimony and reporting. House Bill 2379, as amended, requires school board members to complete biennial training approved by the Auditor General, to be offered by county superintendents or ADE, with counties able to contract with others; supporters called it needed training, while opponents raised concerns about unfunded mandates, inclusion of ASBA, and charter schools. It received a due pass recommendation. Finally, House Bill 2380 would require board and subcommittee meetings to be held in-district, preserve online access to materials, and require public approval of out-of-state travel, with reimbursement if retroactive approval is denied. Rural districts and others raised concerns about flexibility, executive-session confidentiality, and administrative burden, but the bill was discussed with amendments and public access concerns rather than a final recorded action in the excerpt.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Aug 12th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- And underwriting.
- That was not an underwriting of these loans; it was a processing.
- Some have less restrictive antitrust laws.
- But we noticed during that time frame that a three to five year loan term was very restrictive to the
- So on point 3, no longer accepting applications due to high underwriting costs, borrower challenges,
NY
New York 2025-2026 Regular Session
New York State Senate Session - 05/26/2026
New York Senate Floor Meeting
Transcript Highlights:
- The Trump administration's restrictions on refugee admissions have halted new arrivals for now.
- >> So in that hypothetical, the driver would be restricted to $100,000 in damages only?
- This is with regard to anticipated underwriting profits and some obligation of insurance carriers to
- I'm on the section regarding the underwriting gain and anticipated underwriting profits.
- Senator, and I'm thrown off by the word "anticipating" underwriting profit.
Summary:
The Senate convened, approved the prior journal, and then moved through a series of budget-related and ceremonial items. The chamber accepted Rules and Finance Committee reports and took up several budget extender and budget implementation bills, including the main appropriations extender and later a transportation, economic development, and environmental conservation budget bill. Senators questioned the sponsor extensively about the status of the remaining budget bills, the use of messages of necessity, and the absence of joint budget conference committees. The extender bill passed 59-2, and later budget-related measures were advanced after reconsideration and amendment.
A major portion of the session focused on the environmental and energy provisions in the budget bill, especially changes to the Climate Leadership and Community Protection Act. Senators debated extending emissions targets, the role of cap-and-invest, utility affordability, ratepayer impacts, and the structure of a proposed blue-ribbon commission. Supporters said the changes were needed to give the state more time to implement the law and to protect affordability, while opponents argued the bill was a political delay that would not lower energy costs and relied too heavily on subsidies and future planning. The bill also drew questions about electric vehicle rebates, thermostat control programs, emergency diesel generation for Micron, and how imported electricity and out-of-state emissions would be treated.
The Senate also adopted several previously adopted resolutions honoring the 50th anniversary of the National Black Caucus of State Legislators, India Independence Day, the New York State Veterans Hall of Fame, and the 50th anniversary of Interfaith Works of Central New York. Senators spoke in support of each resolution, highlighting the contributions of Black legislators, Indian-American communities, veterans, and refugee and interfaith service organizations. The Veterans Hall of Fame ceremony was specifically noted as a chamber event, and guests were recognized from the floor and gallery.
In addition, the Senate restored recalled bills to the third reading calendar through reconsideration votes and amendments, including a highway law bill and another recalled bill, and then stood at ease for scheduled conferences and a Veterans Hall of Fame ceremony before resuming session. The transcript ended with discussion of a separate bill affecting automobile insurance serious-injury standards, with questions about what claims would remain available and whether the change would improve affordability.
HI
Transcript Highlights:
- </c><00:37:26.079><c> or</c> in place in the form of underwriting or in place in the form of underwriting
- </c><00:38:20.480><c> guidelines</c> example specific underwriting guidelines example specific underwriting
- That includes all the underwriting, claims adjusting, financial reporting, etc.
- </c><01:24:06.880><c> because</c> policies you're underwriting because policies you're underwriting because
- </c> strategy in terms of underwriting strategy in terms of underwriting strategy<01:27:23.120><c> and
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (2-25-25) - Reupload
Transcript Highlights:
- Next is the restricted funds amendment to the postsecondary education Kentucky Community and Technical
- Next is the restricted funds amendment to the postsecondary education Kentucky Community and Technical
- Next is the restricted funds amendment to the postsecondary education Kentucky Community and Technical
- Next is the restricted funds amendment to the postsecondary education Kentucky Community and Technical
- This is a negotiated transaction, and JP Morgan is the underwriter.
Summary:
The committee first approved the January minutes and then received several informational reports on school district tax levies, revenue bonds, lease advertisements, and previously rejected lease transactions. Members were told that one rejected lease for the Cabinet for Health and Family Services in Hardin County would be canceled and rebid, while a Perry County lease modification for the Energy and Environment Cabinet would proceed. The Kentucky Communications Network Authority also submitted its quarterly capital projects report, and Eastern Kentucky University reported revisions to asset preservation projects.
Janice Thomas, Deputy State Budget Director, presented four capital project action items. These included a Kentucky State University Betty White Building renovation funded by USDA grant money, a Department of Education state schools dormitory and cottage renovation appropriation increase because bids exceeded estimates, a restricted-funds scope increase for the Elizabethtown CTC science building expansion, and a pool project report for the Department of Corrections’ KCIW kitchen drain line repair and replacement. Representative Petrie asked about how often the statutory authority for midstream project increases is used and whether bids are typically competitive; Thomas said the increases are used often when bids come in above estimates and that bids are generally competitive, though construction costs have been difficult to gauge. The committee unanimously approved the first three action items, and the KCIW project was reported with no action required.
H. Sandy Williams of the Kentucky Infrastructure Authority then presented six loans and one emergency grant. The items included loans for Frankfort’s East Frankfort Interceptor wet weather facility project, Sturgis wastewater improvements, Scottsville inflow and infiltration work, Morganfield wastewater treatment plant planning and design, Western Pulaski County Water District transmission improvements, and Springfield water system planning and replacement work, plus an emergency Kentucky Waters grant for Eddyville following a sewer treatment plant failure and local emergency declarations. After no questions, the committee unanimously approved the seven KIA transactions.
Chelsea Couch then presented a Kentucky Housing Corporation conduit issuance for $38.4 million to finance a multifamily rental project in Jefferson County; members asked how the committee participates and were told it was a conduit issuance rather than state debt. The committee approved that item. Finally, the committee heard an informational Turnpike Authority refunding issuance of about $53 million for present value savings, then approved four SFCC debt issues for Henderson, Pulaski, Scott, and Trimble counties to finance school renovations and construction. The meeting ended with notice of the next meeting date and location.
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Jan 22nd, 2026
Transcript Highlights:
- This restriction was intended to protect student athletes from harassment, collusion, and other forms
- First, the underwriting prohibition tied to IBHS wildfire preparedness designations.
- Insurers already use them in underwriting and pricing.
- So what other factors might enter into that underwriting decision?
- Owners may place reasonable restrictions on the occupants' use of the self-storage facility, including
Summary:
The committee first heard Senate Bill 6137 on sports wagering. Staff explained that the bill would allow wagering on collegiate events involving Washington colleges, but would continue to prohibit bets on the performance of individual college athletes. Tribal representatives from the Jamestown S’Klallam, Puyallup, and Kalispel tribes testified in support, saying the bill would keep wagering within the regulated tribal marketplace, protect integrity, and help smaller tribal casinos participate through a hub-and-spoke model. University of Washington and Washington State University representatives supported the ban on individual prop bets and emphasized student-athlete safety, while WSU also argued the bill would expand exposure to harassment and online abuse. No vote was taken.
The committee then heard Senate Bill 6079, which would create the Strengthen Washington Homes wildfire mitigation grant program. Staff said the bill would fund grants for wildfire-hardening homes to IBHS standards, authorize pilot projects, and prohibit insurers from using wildfire risk to disqualify homes that meet the standards. Insurance Commissioner Patty Kuder and Senator Marcus Riccelli supported the bill, arguing that wildfire losses and non-renewals are increasing and that upfront mitigation is cheaper than recovery. Local officials and advocates from Medical Lake, Washington Realtors, and climate and wildfire groups also supported the measure. Insurance industry representatives supported the mitigation goals but objected to the bill’s requirement that insurers provide coverage based on IBHS designation and to using the commissioner’s regulatory account as a funding source, saying underwriting still needs to consider broader risk factors. No action was taken.
The committee next held a work session and public hearing on Senate Bill 6061, which would create a tourism self-supported assessment program. State of Washington Tourism, the Washington Wine Commission, the Washington Hospitality Association, the Brewers Guild, the Port of Seattle, and rural economic development representatives said the state’s tourism program is underfunded and that an industry-led assessment could provide a stable, competitive funding source. They said the model would be governed by a ratepayer oversight board, subject to ratification, and could generate significant visitor spending and tax revenue over time. Some testimony raised concerns about the scope of eligible businesses and the bill’s references to other industries, but supporters said friendly amendments would refine those details. The committee then heard Senate Bill 5844 on self-storage rental agreements, which would allow electronic agreements, clarify acceptance by continued occupancy, and create a uniform process for termination or nonrenewal for nonpayment or nonmonetary defaults. Self-storage operators supported the bill as a modernization measure that would improve safety and consistency, and no vote was taken on any of the bills heard.
TX
Texas 89th Regular
Senate Committee on Health and Human Services (Part II) Mar 26th, 2025
Health & Human Services
Transcript Highlights:
- I'm worried that underwriters are just going to move out of the market.
- Currently, we have one underwriter that will bid on us.
- For three years, we've had two years where we only had one underwriter bid on us, and one year where
- we had two underwriters bid on us.
- Senate Bill 1318 would hardwire arbitrary restrictions, and at one side...
Bills:
SB397 , SB481 , SB596 , SB760 , SB855 , SB1195 , SB1196 , SB1233 , SB1257 , SB1318 , SB1368 , SB1388 , SB1398 , SB1524 , SB1558 , SB1589 , SB1677 , SB1792 , SB2034
Committee:
Senate Health & Human Services
MN
Minnesota 2025-2026 Regular Session
Committee on Commerce and Consumer Protection - 03/25/25
Commerce and Consumer Protection
Transcript Highlights:
- </c> witnessed the harm this restriction witnessed the harm this restriction caused<00:21:27.919><c>
- to prohibit underwriting for widespread pre-existing conditions.
- This would keep it affordable for those affected by underwriting.
- to prohibit underwriting for widespread pre-existing conditions.
- This would keep it affordable for those affected by underwriting.
Committee:
Senate Commerce and Consumer Protection
CA
California 2025-2026 Regular Session
Assembly Select Committee on Housing Finance and Affordability Aug 27th, 2025
Transcript Highlights:
- I will call out that most of the units actually are restricted between 30% to 80% of AMI with the MIP
- And the banks will basically underwrite that and give a number back.
- And the banks will basically underwrite that and give a number back.
- I think, like you said, the lenders and the underwriting, there has to be community reinvestment from
- Here, just to recap, I think there's a banking section underwriting.
Summary:
The Assembly Select Committee on Housing Finance and Affordability held its first hearing of 2025 to examine California’s housing finance system, with opening remarks emphasizing the state’s severe housing shortage, high costs, and the need for practical recommendations to the Legislature and Governor. Co-chairs described the committee as an educational and problem-solving forum focused on financing housing production, first-time homeownership, mixed-income developments, and affordability across the income spectrum. Witnesses from state agencies and the development sector were invited to explain how housing is financed and where the system is breaking down.
Panelists from the California Housing Partnership, the Business, Consumer Services and Housing Agency, the Tax Credit Allocation Committee/State Treasurer’s Office, CalHFA, and Related outlined the “capital stack” used to finance affordable housing, stressing that projects typically rely on multiple public and private sources, including federal and state low-income housing tax credits, tax-exempt bonds, state subsidies, local funds, and rental income. Speakers noted that affordable housing rents generally cannot support full project costs without public subsidy, and that recent federal changes—especially the expansion of the 4% and 9% tax credit programs and the reduction of the bond financing threshold for 4% credits—should allow California to finance substantially more units. CalHFA also described its homeownership programs, including My Home, Dream For All, and disaster-related mortgage assistance, as well as its multifamily lending and bond issuance programs.
Several witnesses and committee members emphasized that the system remains too complex, too slow, and underfunded. They pointed to the need for more state funding, a housing bond, a permanent funding source, and better coordination among agencies, while also citing recent streamlining efforts such as AB 434’s SuperNOFA, AB 519’s one-stop-shop working group, and the planned California Housing and Homeless Agency reorganization. Members raised concerns about equity, access, missing-middle housing, gender and racial disparities, and whether current programs adequately serve extremely low-income households and those at risk of homelessness. No formal votes or actions were taken during the hearing; the discussion ended with committee members and witnesses agreeing that both funding and administrative reform are needed to increase production and improve affordability.
HI
Hawaii 2025 Regular Session
CPC/CPN Joint Info Briefing - Wed Dec 17, 2025 @ 9:30 AM HST
Hawaii House Floor Meeting
Transcript Highlights:
- So if after Lahaina, our admitted carriers became very restrictive in their underwriting and withdrew
- So if after Lahaina, our admitted carriers became very restrictive in their underwriting and withdrew
- So if after Lahaina, our admitted carriers became very restrictive in their underwriting and withdrew
- ,</c><00:37:02.880><c> billing,</c> where we do our underwriting, billing, where we do our underwriting
- Like that might be an underwriting rule for some of these surplus lines companies where their underwriters
Summary:
The joint committees held an informational briefing on efforts to expand insurance capacity in Hawaii’s property market, especially for condominium and homeowners coverage. The Insurance Commissioner reviewed the background: a legislative task force, the governor’s emergency proclamation in August 2024, and Senate Bill 1044 in May 2025 led to new condo insurance products. He said the work over the past two and a half years was producing positive results and introduced representatives from HPIA and HHRF/HHR to provide updates.
HPIA’s board chair and its administrator described the organization’s history, structure, and current products. HPIA said it was created in 1991 as a residual market for homeowners insurance, now writing four residential products: HO2 homeowners, renters, HO6 condo unit owners, and dwelling fire. They reported policy counts have grown again as admitted-market carriers tightened underwriting, and they discussed financial pressure from reinsurance costs, though those costs had declined in 2025 after different purchasing decisions. They also said the market has become more favorable overall, with some capacity returning and deductibles beginning to ease.
Members focused much of their questioning on HPIA’s proposed higher dwelling limits. HPIA explained that the current $450,000 limit for homeowners and dwelling fire was set in 2023, but agents are now asking for a higher limit in the $650,000 to $750,000 range because construction costs have risen and many policies are not being submitted when the limit is too low. HPIA said it has the authority to raise the limit through a filing with the Insurance Division and expects more submissions if the cap increases. They also discussed the shift in the book of business from roughly 70% lava-zone coverage to closer to a 50/50 split between lava and non-lava risks.
HPIA outlined strategic initiatives: a new policy administration system that went live October 1 and now allows online payments, online claims reporting, and electronic notices; a filed request to raise the homeowners and dwelling fire limit to $650,000 effective March 1 for new business and April 1 for renewals; an increase in the HO6 condo unit owners limit from $5,000 to $100,000; and a planned commercial property all-other-perils-excluding-hurricane condo product targeted for filing by January 31. No votes were taken, and the meeting was informational only.
AZ
Transcript Highlights:
- Kevin McCarthy continued that they compared bond sales to underwriting fees in jurisdictions that were
- The speaker said it would be very difficult to imagine a governing board quibbling with the underwriting
- There's restrictions on what they can do with the revenues that they sell.
- But there are already existing legal restrictions regarding the selling or buying of property. ...because
- I'm still researching and finding out that the limitations and the restrictions that are already in place
Committees:
House Education , House House Education Committee of Reference
OK
Oklahoma 2026 Regular Session
Business and Insurance Apr 9th, 2026 at 09:30 am
Business and Insurance
Transcript Highlights:
- House Bill 3144 will restrict the total number of medical marijuana commercial grower licenses that the
Bills:
HB4248 , HB4429 , HB2588 , HB3472 , HB4317 , HB3462 , HB2035 , HB3501 , HB3127 , HB3143 , HB3144 , HB3260 , HB4321 , HB3011 , HB3522 , HB3530
Committee:
Senate Business and Insurance
Keywords:
HB4248, hemp beverage, hemp drinks, THC beverage, cannabis beverage, intoxicating hemp, age restriction, under 21, minor possession, youth access, public health and safety, Title 63, Oklahoma Statutes, retail sales, alcohol-style regulation, controlled substances, beverage regulation, proxy advisory services, shareholder rights, financial transparency
OK
Oklahoma 2026 Regular Session
Postsecondary Education Apr 7th, 2026 at 10:30 am
Postsecondary Education
Committee:
House Postsecondary Education
Keywords:
education, concurrent enrollment, students, age restrictions, academic access, apprenticeship, career education, youth programs, employment, technology centers, SB1593, OSU Tulsa, Oklahoma State University/Tulsa, Board of Trustees, higher education, university governance, A&M Board, Oklahoma Agricultural and Mechanical Colleges, presidential search, board rules
OK
Committee:
House General Government
Keywords:
2030 census, complete count committee, census outreach, decennial census, enumeration, population count, hard-to-count populations, hard-to-enumerate areas, State Data Center, Oklahoma Census, multilingual campaign, public outreach, school-based outreach, community organizations, minority groups, ethnic minorities, language minorities, self-response rate, census awareness, federal census
OK
Bills:
SB1726 , SB1236 , SB1633 , SB1413 , SB1317 , SB1360 , SB1342 , SB1477 , SB1189 , SB1546 , SB1524 , SB1338 , SB1193 , SB1812 , SB1617
Committee:
Senate Education
Keywords:
higher education, graduate instructors, training program, academic integrity, First Amendment rights, administrative reporting, education, consolidation, board, public schools, resident tuition, Oklahoma State Regents for Higher Education, state scholarships, financial aid, immigration status, undocumented students, noncitizen students, lawfully present, postsecondary education benefits, college tuition
WA
Washington 2025-2026 Regular Session
Senate Labor & Commerce Jan 19th, 2026 at 10:30 am
Labor & Commerce
Transcript Highlights:
- State law imposes restrictions and... ...in a lawful profession, trade, or business.
- A non-compete is void and unenforceable unless the employer complies with certain restrictions.
- An employer may not restrict... ...space must not exceed three calendar days.
- An employer may not restrict an employee who's earning less than twice the minimum wage from having an
- Non-competition agreements not only restrict professionals, but punish those who are simply trying to
Committee:
Senate Labor & Commerce
Keywords:
noncompete, noncompetition agreement, restrictive covenant, nonsolicitation, employment contract, worker mobility, labor law, wage suppression, trade secrets, confidentiality agreement, franchise, independent contractor, employee mobility, economic growth, entrepreneurship, job mobility, restraint of trade, customer solicitation, post-employment restrictions, FTC noncompete rule