HI HB1047 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-02-14 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-02-14 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]
Summary
Requires Hawaii financial institutions, during a declared state of emergency, and mortgage servicers to determine whether insurance proceeds are to be applied to a mortgage or be placed into an interest-bearing escrow account. Prohibits charging a fee for the maintenance or disbursement of the interest earned from the interest-bearing escrow account. (HD1)
Title
Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-14 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4). |
| 2025-02-14 | House | Reported from CPC (Stand. Com. Rep. No. 674) as amended in HD 1, recommending passage on Second Reading and referral to FIN. |
| 2025-02-11 | House | The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none. |
| 2025-02-07 | House | Bill scheduled for decision making on Tuesday, 02-11-25 2:00PM in conference room 329 VIA VIDEOCONFERENCE. |
| 2025-02-04 | House | The committee(s) on CPC recommend(s) that the measure be deferred. |
| 2025-01-31 | House | Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE. |
| 2025-01-23 | House | Referred to CPC, FIN, referral sheet 3 |
| 2025-01-23 | House | Introduced and Pass First Reading. |
| 2025-01-21 | House | Pending introduction. |
Same As/Similar To
SB1366 (Same As) 2025-02-27 - 48 Hrs. Notice 03-04-25.
