HI SB2329 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 9-0)
Status: Engrossed on March 8 2016 - 50% progression, died in committee
Action: 2016-03-24 - Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Kawakami, Kong, Oshiro, Tokioka, Tupola, Woodson excused (6).
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Summary

Requires a mortgagee or record assignee to provide to a mortgagor or borrower, upon full satisfaction of the mortgage and discharge of the secured debt, a reassignment or release of security interests in leases and rents that served as additional security for the mortgage. Authorizes title insurers or underwritten title companies to make demands on mortgagees and, in the absence of compliance, to reassign or release mortgagees' security interests in leases and rents on behalf of the mortgagee or record assignee, under certain conditions. Authorizes certain entities to institute an action in any circuit court to obtain the release or reassignment instrument in the absence of compliance of a mortgagee or record assignee. (SB2329 HD2)

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Security Interests; Reassignment or Release of Security Interests; Leases and Rents

Sponsors


History

DateChamberAction
2016-03-24HouseReport adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Kawakami, Kong, Oshiro, Tokioka, Tupola, Woodson excused (6).
2016-03-24HouseReported from CPC (Stand. Com. Rep. No. 1260-16) as amended in HD 2, recommending referral to FIN.
2016-03-23HouseThe committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) McKelvey, Woodson, Belatti, Brower, Creagan, Har, Hashem, C. Lee, Nakashima, San Buenaventura, Takayama, Yamane, Fukumoto Chang, McDermott; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Kawakami, Oshiro.
2016-03-22HouseBill scheduled for decision making on Wednesday, 03-23-16 2:00PM in conference room 325.
2016-03-21HouseThe committee(s) on CPC recommend(s) that the measure be deferred until 03-23-16 at 2:00 PM.
2016-03-18HouseBill scheduled to be heard by CPC on Monday, 03-21-16 3:00PM in House conference room 325.
2016-03-16HousePassed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Kong excused (1).
2016-03-16HouseReported from WAL (Stand. Com. Rep. No. 1039-16) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
2016-03-14HouseThe committees on WAL recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Yamane, Cullen, Evans, C. Lee, Nishimoto, Pouha, Thielen; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Ing, Lowen, Say.
2016-03-11HouseBill scheduled to be heard by WAL on Monday, 03-14-16 10:00AM in House conference room 325.
2016-03-10HouseReferred to WAL, CPC, FIN, referral sheet 26
2016-03-10HousePass First Reading
2016-03-08HouseReceived from Senate (Sen. Com. No. 141) in amended form (SD 1).
2016-03-08SenateReport adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Riviere). Transmitted to House.
2016-03-04SenateOne Day Notice 03-08-16.
2016-03-04SenateReported from JDL (Stand. Com. Rep. No. 2687) with recommendation of passage on Third Reading.
2016-03-01SenateThe committee(s) on JDL recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDL were as follows: 4 Aye(s): Senator(s) Keith-Agaran, Shimabukuro, L. Thielen, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 3 Excused: Senator(s) Gabbard, K.Kahele, Kim.
2016-02-26SenateThe committee(s) on JDL will hold a public decision making on 03-01-16 9:05AM in conference room 016.
2016-02-05SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to JDL.
2016-02-05SenateReported from CPH (Stand. Com. Rep. No. 2045) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDL.
2016-02-01SenateThe committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 6 Aye(s): Senator(s) Baker, Kidani, Espero, Ihara, Nishihara, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Ruderman.
2016-01-28SenateThe committee(s) on CPH has scheduled a public hearing on 02-01-16 9:00AM in conference room 229.
2016-01-25SenateReferred to CPH, JDL.
2016-01-25SenatePassed First Reading.
2016-01-22SenateIntroduced.

Same As/Similar To

HB1630 (Same As) 2016-02-11 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Har, Oshiro excused (2).

Hawaii State Sources


Bill Comments

feedback