HI HB1619 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 17 2018 - 25% progression, died in committee
Action: 2018-02-05 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with Representative(s) Har, McDermott, Nakamura, Thielen, Tupola voting aye with reservations; Representative(s) Ward voting no (1) and Representative(s) Souki, Todd excused (2).
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Amended) [HTML]

Summary

Places restrictions on the ability of financial institutions to sell residential mortgage loans to other financial institutions. Defines "residential mortgage loans" as any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or residential real estate upon which is constructed or intended to be constructed a dwelling, and includes refinancings, reverse mortgages, home equity lines of credit, and other first and additional lien loans that meet the qualifications of the definition. (HB1619 HD1)

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Relating To Financial Institutions.

Sponsors


History

DateChamberAction
2018-02-05HousePassed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with Representative(s) Har, McDermott, Nakamura, Thielen, Tupola voting aye with reservations; Representative(s) Ward voting no (1) and Representative(s) Souki, Todd excused (2).
2018-02-05HouseReported from HSG (Stand. Com. Rep. No. 49-18) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
2018-01-30HouseThe committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Aquino, Quinlan, San Buenaventura; Ayes with reservations: Representative(s) Brower, Nakamura, McDermott; Noes: none; and 1 Excused: Representative(s) Hashem.
2018-01-26HouseBill scheduled to be heard by HSG on Tuesday, 01-30-18 9:30AM in House conference room 423.
2018-01-26HouseRe-referred to HSG, CPC, FIN, referral sheet 6
2018-01-17HouseReferred to HSG, CPC, referral sheet 3
2018-01-17HouseIntroduced and Pass First Reading
2018-01-10HousePrefiled.

Same As/Similar To

SB2062 (Same As) 2018-02-15 - The committee on CPH deferred the measure.

Subjects


Hawaii State Sources


Bill Comments

feedback