HI SB1366 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-02-27 - 48 Hrs. Notice 03-04-25.
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-02-27 - 48 Hrs. Notice 03-04-25.
Text: Latest bill text (Amended) [HTML]
Summary
Requires licensed mortgage servicers and financial institutions to pay interest on insurance proceeds held for the benefit of consumers. Provides that a fee shall not be charged to the borrower in connection with the maintenance or disbursement of interest earned from interest-bearing accounts. Effective 7/1/2050. (SD1)
Title
Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.
Sponsors
Roll Calls
2025-02-14 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-27 | Senate | 48 Hrs. Notice 03-04-25. |
| 2025-02-27 | Senate | Report adopted; Passed Second Reading, as amended (SD 1). |
| 2025-02-27 | Senate | Reported from CPN (Stand. Com. Rep. No. 793) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. |
| 2025-02-14 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
| 2025-02-10 | Senate | The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference. |
| 2025-01-27 | Senate | Referred to CPN. |
| 2025-01-23 | Senate | Introduced and passed First Reading. |
| 2025-01-21 | Senate | Pending Introduction. |
Same As/Similar To
HB1047 (Same As) 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).
