Bill Text: HI HB2622 | 2012 | Regular Session | Introduced

---

Bill Title: Unfair or Deceptive Act or Practice; Mortgage Foreclosure; Repeal

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-25 - (H) Referred to CPC/JUD, FIN, referral sheet 7 [HB2622 Detail]

Download: Hawaii-2012-HB2622-Introduced.html

---

HOUSE OF REPRESENTATIVES	H.B. NO.	2622
TWENTY-SIXTH LEGISLATURE, 2012
STATE OF HAWAII

A BILL FOR AN ACT

 

 

relating to foreclosures.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  Section 667-76, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§667-76[]]  Mortgagee's filing of notice with department; filing fee.  [(a)] Within three days after a mortgagee serves a foreclosure notice on an owner-occupant pursuant to section 667‑5 or 667-22, the mortgagee shall file the foreclosure notice with the department and pay a filing fee of $250, which shall be deposited into the mortgage foreclosure dispute resolution special fund established under section 667-86.

     [(b)  Violation of this section shall constitute an unfair and deceptive act or practice subject to section 480-2.]"

     SECTION 2.  Section 667-60, Hawaii Revised Statutes, is repealed.

     ["[§667-60]  Unfair or deceptive act or practice.  Any foreclosing mortgagee who violates this chapter shall have committed an unfair or deceptive act or practice under section 480-2."]

     SECTION 3.  Statutory material to be repealed is bracketed and stricken.

     SECTION 4.  This Act shall take effect upon its approval.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Unfair or Deceptive Act or Practice; Mortgage Foreclosure; Repeal

 

Description:

Repeals the provision in the mortgage foreclosure law that makes a violation of the mortgage foreclosure law subject to the penalties provided under the State's unfair or deceptive act or practice laws.

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.