HawaiiRELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN.
What it does
Requires Hawaii financial institutions, during a declared state of emergency, and mortgage servicers to determine whether insurance proceeds are to be applied to a mortgage or be placed into an interest-bearing escrow account. Prohibits charging a fee for the maintenance or disbursement of the interest earned from the interest-bearing escrow account. (HD1)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 14Reported from CPC (Stand. Com. Rep. No. 674) as amended in HD 1, recommending passage on Second Reading and referral to FIN.Latest
- Feb 14Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).Minor
- Feb 11The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.Minor
- Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Feb 7Bill scheduled for decision making on Tuesday, 02-11-25 2:00PM in conference room 329 VIA VIDEOCONFERENCE.
- Feb 4The committee(s) on CPC recommend(s) that the measure be deferred.Minor
- Jan 31Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
- Jan 23Introduced and Pass First Reading.Minor
- Jan 23Referred to CPC, FIN, referral sheet 3Minor
- Jan 21Pending introduction.Introduced