Proposed Bylaw Updates
The Mortgage Bankers Association of the Bluegrass is in the process of updating its bylaws to better reflect the current needs of our organization and membership.
We encourage all members to review the proposed updates below. These changes will be presented for a membership vote at our April Luncheon on April 23rd.
Your participation is important, and we appreciate your engagement in helping guide the future of MBAB.
Summary of Proposed Updates
The proposed updates are designed to modernize MBAB’s governance and ensure alignment with state and national mortgage banking associations.
Key updates include:
Purpose & Structure – Clarifies nonprofit status and alignment
Board Governance – Strengthens leadership and ethics standards
Membership Standards – Aligns with state and national guidelines
Policies & Procedures – Formalizes conflicts and amendments
These changes are intended to enhance transparency, consistency, and long-term sustainability while reinforcing MBAB’s commitment to professionalism and industry best practices.
Membership vote
In accordance with our current bylaws, proposed amendments will be voted on by members in good standing who are present at the April Luncheon on April 23rd.
Approval requires a two-thirds (2/3) vote of members present and voting. If no objections are raised during the vote, the proposed amendments will be approved.
We encourage all members to attend, review the proposed updates in advance, and participate in the voting process.