Bill Text: HI HB894 | 2011 | Regular Session | Introduced
Bill Title: Nonjudicial; Mortgage Foreclosures; Five-month moratorium
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Engrossed - Dead) 2011-02-17 - (S) Referred to CPN, JDL. [HB894 Detail]
Download: Hawaii-2011-HB894-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
894 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to mortgage foreclosures.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. No mortgagee shall initiate or continue with a foreclosure proceeding under parts I or II of chapter 667, Hawaii Revised Statutes, beginning on the effective date of this Act and ending on the date that the federal government releases a final public report on any federal investigation into the securitization of mortgages.
The governor shall issue a proclamation and publish a notice statewide announcing the release of the final public report.
SECTION 2. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Mortgage Foreclosures
Description:
Places a moratorium on foreclosures pending a national investigation on securitization.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
