Hawaii House Bill 1085 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 25 2017 - 25% progression, died in committee
Action: 2017-02-17 - Passed 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) DeCoite, Tokioka excused (2).
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Clarifies and updates requirements under chapter 454F, Hawaii Revised Statutes, for mortgage loan origination. Clarifies persons subject to criminal history disclosures and criminal history background checks on applications for licensure and change of control of the licensee, and when a person is presumed to control a mortgage loan originator company (MLOC). Clarifies responsibilities of a "qualified individual", amends the definition, and requires an exempt sponsoring MLOC to have a qualified individual and a principal place of business in the State. Clarifies supervisory requirements of nonprofit organizations under chapter 454F, Hawaii Revised Statutes, and when a nonprofit employee is exempt from registration and licensure as a mortgage loan originator. Clarifies the applicable fee for a criminal history background check. Defines "executive officer". Effective July 1, 2112. (HB1085 HD1)

Relating To Mortgage Loan Origination.

Rep. Joseph Souki [D]

Date	Chamber	Action
2017-02-17	House	Passed 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) DeCoite, Tokioka excused (2).
2017-02-17	House	Reported from CPC (Stand. Com. Rep. No. 549) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2017-02-13	House	The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) McKelvey, Ichiyama, Aquino, Ito, Say, Takayama, Todd, Yamane, Fukumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
2017-02-07	House	Bill scheduled for decision making on Monday, 02-13-17 2:00PM in conference room 329.
2017-02-07	House	The committee(s) on CPC recommend(s) that the measure be deferred until 02-13-17.
2017-02-01	House	Bill scheduled to be heard by CPC on Tuesday, 02-07-17 2:00PM in House conference room 329.
2017-01-27	House	Referred to CPC, FIN, referral sheet 5
2017-01-25	House	Pass First Reading
2017-01-23	House	Pending introduction.

HB1085 (Carry Over) 2017-02-17 - Passed 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) DeCoite, Tokioka excused (2).
SB951 (Same As) 2017-07-11 - Act 150, 07/10/2017 (Gov. Msg. No. 1251).

Type	Source
Summary	http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=1085&year=2017
Text	http://www.capitol.hawaii.gov/session2017/bills/HB1085_.HTM
Text	http://www.capitol.hawaii.gov/session2017/bills/HB1085_HD1_.HTM