HI HB2321 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 27 2016 - 25% progression, died in committee
Action: 2016-01-29 - Referred to CPC, FIN, referral sheet 4
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 27 2016 - 25% progression, died in committee
Action: 2016-01-29 - Referred to CPC, FIN, referral sheet 4
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Clarifies chapter 454F, Hawaii Revised Statutes, requirements for mortgage loan originators, and chapter 454M, requirements for mortgage servicers. Amends various definitions, including the definition of "residential mortgage loan". Moves mortgage servicer provisions that appear in chapter 454F, to chapter 454M, including a fee for a name or address change, that will apply to all mortgage servicers. Abolishes the mortgage loan servicer loan modification license under chapter 454F. Updates references to federal regulations.
Title
Mortgage Loan Originators; Mortgage Servicers; Division of Financial Institutions; Chapter 454F; Chapter 454M; Secure and Fair Enforcement for Mortgage Licensing Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-29 | House | Referred to CPC, FIN, referral sheet 4 |
| 2016-01-27 | House | Introduced and Pass First Reading. |
| 2016-01-25 | House | Pending introduction. |
Same As/Similar To
SB2850 (Same As) 2016-06-23 - Act 122, 06/22/2016 (Gov. Msg. No. 1223).
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=2321&year=2016 |
| Text | http://www.capitol.hawaii.gov/session2016/bills/HB2321_.HTM |
