STATE OF MINNESOTA TWELFTH MEETING
HOUSE OF REPRESENTATIVES NINETY-FOURTH SESSION
Commerce Finance and Policy Committee
MINUTES
Representative O’Driscoll, Chair of the Commerce Finance and Policy Committee, officially called the meeting to order at 8:15AM, on March 12, 2025, in Room 120 of the Capitol Building. A quorum was present.
The Committee Legislative Assistant noted the roll.
Members present:
O’DRISCOLL, Tim, Chair
PERRYMAN, Bernie, Vice Chair
ALLEN, Keith
CHA, Ethan
DAVIDS, Greg
DOTSETH, Jeff
ELKINS, Steve
FALCONER, Alex
FINKE, Leigh
HEINTZEMAN, Josh
HUOT, John
KOTYZA-WITTHUHN, Carlie
KRESHA, Ron
REYER, Liz
RYMER, Max
SMITH, Andy
STEPHENSON, Zack
VAN BINSBERGEN, Scott
WEST, Nolan
Non-Voting member present:
HER, Kaohly Vang
Representative Finke moved the minutes of March 11, 2025 be approved. THE MOTION PREVAILED
HF 1865 (Allen) Loans that satisfy the federal qualified mortgage points and fees threshold excluded from the definition of conventional loan.
Representative Allen moved HF 1865 be re-referred to the General Register.
Representative Allen moved the A1 amendment be adopted. THE MOTION PREVAILED.
Testifiers:
Michael Stidham, Director of Regulatory Affairs, Rocket Mortgage
Representative Allen renewed the motion that HF 1865 as amended be re-referred to the General Register.
THE MOTION PREVAILED.
HF 2014 (Dotseth) Notice requirements for conventional loan mortgage documents modified.
Representative Dotseth moved HF 2014 be re-referred to the General Register.
Testifiers:
Tess Rice, General Counsel, Minnesota Bankers Association
Representative Dotseth renewed the motion that HF 2014 be re-referred to the General Register. THE MOTION PREVAILED.
Vice Chair Perryman assumed the gavel 8:30AM
HF 2028 (ODriscoll) NCOIL membership.
Chair O’Driscoll moved HF 2028 be re-referred to Ways and Means Committee.
Chair O’Driscoll renewed the motion that HF 2028. be re-referred to Ways and Means Committee. THE MOTION PREVAILED.
Presentation and Discussion on Commerce Interest Communities / Homeowners Associations
Testifiers:
Chair O’Driscoll
Chair O’Driscoll assumed the gavel 8:45AM
Peter Brickwedde, Assistant Commissioner, Department of Commerce
Aaron Cocking, Insurance Federation of Minnesota
Patrick Hynes, on behalf of the Minnesota Chapter of the Community Associations Institute
The meeting was adjourned at 10:01AM.
Representative Tim O’Driscoll, Chair
Karen Hartwig, Committee Legislative Assistant