HB 1047

  • Hawaii House Bill
  • 2025 Regular Session
  • Introduced in House Jan 23, 2025
  • House
  • Senate
  • Governor

Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.

Abstract

Requires Hawaii financial institutions, during a declared state of emergency, and mortgage servicers to determine whether insurance proceeds are to be applied to a mortgage or be placed into an interest-bearing escrow account. Prohibits charging a fee for the maintenance or disbursement of the interest earned from the interest-bearing escrow account. (HD1)

Bill Sponsors (1)

Votes


Actions


Feb 14, 2025

House

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).

  • Reading-2
  • Referral-Committee
Finance

House

Reported from CPC (Stand. Com. Rep. No. 674) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

Feb 11, 2025

House

The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

Feb 07, 2025

House

Bill scheduled for decision making on Tuesday, 02-11-25 2:00PM in conference room 329 VIA VIDEOCONFERENCE.

Feb 04, 2025

House

The committee(s) on CPC recommend(s) that the measure be deferred.

Jan 31, 2025

House

Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

Jan 23, 2025

House

Referred to CPC, FIN, referral sheet 3

  • Referral-Committee
Consumer Protection & Commerce Finance

House

Introduced and Pass First Reading.

Jan 21, 2025

House

Pending introduction.

Bill Text

Bill Text Versions Format
HB1047_HD1 PDF HTML
HB1047 PDF HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Hawaii State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.