RELATING TO MORTGAGES.
Summary
Clarifies that a co-mortgagor assisting a qualified resident in securing a mortgage to purchase a dwelling unit from the Hawaii housing finance and development corporation may be a family member, which also includes extended or hanai family members. Requires a qualified resident who is assisted by a co-mortgager to have an income of at least fifty per cent of the amount required to qualify for a loan to purchase the dwelling unit. (HB870 HD1)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2017
Last action Feb 16, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
3
Feb 16, 2017
Committee
Reported from WAL (Stand. Com. Rep. No. 463) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
legislature
Feb 8, 2017
Legislature · Passed
The committees on WAL recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Yamane, Kong, Cullen, Evans, Ichiyama, Lowen, Say, Fukumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) C. Lee.
legislature
Jan 27, 2017
Committee
Referred to WAL, FIN, referral sheet 4
legislature
Jan 23, 2017
Introduced
Pending introduction.
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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