HI SB884 | 2021 | Regular Session
Note: Carry Foward to future SB884
Status
Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-02-10 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.
Pending: Senate Judiciary Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-02-10 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.
Pending: Senate Judiciary Committee
Text: Latest bill text (Amended) [HTML]
Summary
Amends the Hawaiian Homes Commission Act to require appraisals of improvements to identify the replacement cost or the leasehold market value. Grants authority to DHHL, to authorize second position loans on homestead leases by approved lenders. Requires DHHL to develop and implement a loan servicing manual, subject to commission approval, to standardize loan loss mitigation policies, procedures, and methods. Clarifies that DHHL shall not cancel a lease solely based on a loan default or delinquency unless all loan loss mitigation procedures are exhausted pursuant to the loan services manual. (SD1)
Title
Relating To The Hawaiian Homes Commission Act.
Sponsors
Roll Calls
2021-02-04 - Senate - Senate Hawaiian Affairs: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-02-10 | Senate | Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC. |
2021-02-10 | Senate | Reported from HWN (Stand. Com. Rep. No. 102) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDC. |
2021-02-04 | Senate | The committee(s) on HWN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HWN were as follows: 5 Aye(s): Senator(s) Shimabukuro, Keohokalole, Acasio, Ihara, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
2021-02-01 | Senate | The committee(s) on HWN has scheduled a public hearing on 02-04-21 1:00PM in conference room Via Videoconference. |
2021-01-29 | Senate | Referred to HWN, JDC. |
2021-01-25 | Senate | Passed First Reading. |
2021-01-22 | Senate | Introduced. |
Same As/Similar To
SB884 (Carry Over) 2021-02-10 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.
HB1124 (Same As) 2021-03-22 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC/WAM.
HB1124 (Same As) 2021-03-22 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC/WAM.
Subjects
Appraisal
Department of Hawaiian Home Lands
Hawaiian Homes Commission
Hawaiian Homes Commission Act
Lease Cancellation
Loan Default
Loan Delinquency
Loan Loss Mitigations
Loan Servicing Manual
Second Position Loans
Department of Hawaiian Home Lands
Hawaiian Homes Commission
Hawaiian Homes Commission Act
Lease Cancellation
Loan Default
Loan Delinquency
Loan Loss Mitigations
Loan Servicing Manual
Second Position Loans