HI SB1105 | 2021 | Regular Session

Note: Carry Foward to future SB1105

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 27 2021 - 25% progression, died in committee
Action: 2021-02-12 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]

Summary

Allows a person aggrieved by the fraud, misrepresentation, or deceit of a mortgage loan originator company licensee to receive restitution payment upon a final court order. Repeals fees paid by mortgage loan originator companies and their branch office locations to the Mortgage Loan Recovery Fund. Provides the Commissioner of Financial Institutions with the authority to consider applications to recover from the fund. (SD1)

Tracking Information

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Title

Relating To The Mortgage Loan Recovery Fund.

Sponsors


Roll Calls

2021-02-10 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-02-12SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2021-02-12SenateReported from CPN (Stand. Com. Rep. No. 190) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
2021-02-10SenateRe-Referred to CPN, WAM/JDC.
2021-02-10SenateThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 7 Aye(s): Senator(s) Baker, Chang, Misalucha, Nishihara, Riviere, San Buenaventura, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2021-02-05SenateThe committee(s) on CPN has scheduled a public hearing on 02-10-21 9:30AM in conference room 229.
2021-01-29SenateReferred to CPN, JDC.
2021-01-27SenatePassed First Reading.
2021-01-27SenateIntroduced.

Same As/Similar To

SB1105 (Carry Over) 2021-02-12 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
HB951 (Same As) 2021-01-29 - Referred to CPC, FIN, referral sheet 2

Subjects


Hawaii State Sources


Bill Comments

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