HI SB2121 | 2024 | Regular Session
Status
Spectrum: Strong Partisan Bill (Democrat 10-1)
Status: Introduced on January 17 2024 - 25% progression, died in committee
Action: 2024-02-14 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 17 2024 - 25% progression, died in committee
Action: 2024-02-14 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Summary
Authorizes consumers aggrieved by the conduct of a mortgage loan originator licensee to recover from the Mortgage Loan Recovery Fund. Allows for excess moneys in the Mortgage Loan Recovery Fund to be used for certain training and educational purposes. Increases to $150,000 the restitution available to consumers from the Mortgage Loan Recovery Fund. (SD1)
Title
Relating To The Mortgage Loan Recovery Fund.
Sponsors
Roll Calls
2024-02-02 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-14 | Senate | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2024-02-14 | Senate | Reported from CPN (Stand. Com. Rep. No. 2395) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 2024-02-02 | 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. |
| 2024-01-29 | Senate | The committee(s) on CPN has scheduled a public hearing on 02-02-24 9:30AM; Conference Room 229 & Videoconference. |
| 2024-01-18 | Senate | Referred to CPN, WAM. |
| 2024-01-17 | Senate | Introduced and passed First Reading. |
| 2024-01-16 | Senate | Pending Introduction. |
Subjects
Department of Commerce and Consumer Affairs
Division of Financial Institutions
Mortgage Loan Originator Licensee
Mortgage Loan Recovery Fund
Division of Financial Institutions
Mortgage Loan Originator Licensee
Mortgage Loan Recovery Fund
