Bill Text: HI HB894 | 2011 | Regular Session | Amended
Bill Title: Nonjudicial; Mortgage Foreclosures; Five-month moratorium
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Engrossed - Dead) 2011-02-17 - (S) Referred to CPN, JDL. [HB894 Detail]
Download: Hawaii-2011-HB894-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
894 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO MORTGAGE FORECLOSURES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. No mortgagee shall initiate or continue with a foreclosure under power of sale under section 667-5, Hawaii Revised Statutes, or the alternative power of sale foreclosure process under part II of chapter 667, Hawaii Revised Statutes, beginning on the effective date of this Act and ending five months subsequent to the effective date of this Act.
This Act shall not prohibit a mortgage foreclosure by action in the circuit court under section 667-1, Hawaii Revised Statutes.
SECTION 2. This Act shall take effect upon its approval.
Report Title:
Nonjudicial; Mortgage Foreclosures; Five-month moratorium
Description:
Places a five month moratorium on nonjudicial foreclosures. (HB894 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
