Maile Shimabukuro
- Democratic
- Senator
- District 22
Primary
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)
Carried over to 2022 Regular Session.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.
Reported from HWN (Stand. Com. Rep. No. 102) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDC.
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.
The committee(s) on HWN has scheduled a public hearing on 02-04-21 1:00PM in conference room Via Videoconference.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB884_SD1 | PDF HTML |
| SB884 | PDF HTML |
| Document | Format |
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| No related documents. |
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