Political Action Committee
The New York Mortgage Bankers Association is continuing to build its relationships with
elected officials to create a favorable lending environment in which members of the NYMBA
can achieve their desired level of professional success. Each year, through our Association
and its lobbying efforts, the NYMBA monitors hundreds of proposed policies that would impact our industry, weighs in on Proposed Legislation through memos in support/opposition, hosts an annual Advocacy Conference in Albany, attends one-on-one meetings with elected officials,
and delivers testimony at public hearings on behalf of our members.
The NYMBA must educate lawmakers on the impacts of their proposals and work toward
solutions to challenges in our industry with policies that are favorable to our business. In order
to achieve these goals, we need your support.
Click Here To Make Your Pledge
The 2024-2025 Governing Board of the PAC is:
- Jim Bopp, Co-Chair
- Mike Decker, Co-Chair
- Jeff Pinard
- David Fifer
- David Scher
- Joe Culver, Treasurer
Contribution Limits for Individuals and Corporations to Political Action Committees
· Corporations, LLCs and PLLC’s may contribute $5,000 in total to New York Political Committees and candidates in a calendar year.
- There is no limit to how much individuals may contribute to PACs.
- In distributing PAC money, PACs are subject to per-candidate contribution limits over the election cycle which includes 2 and 4 year office terms. These terms double when there are Primary Elections. The amount that PACs may contribute to individual candidates in the election cycle cannot exceed:
- $9,000 for Statewide offices including Governor, Lt. Governor, Comptroller
- $5,000 for NYS Senate
- $3,000 for NYS Assembly
** Rules for state political fundraising require us to record the name and address of anyone who donates, and if the donor contributes more than $99 per year, we are also required to disclose the donor’s name and address to the New York State Board of Elections.
Click here for more Contribution Information and FAQ’s