RELATING TO SECURITY INTERESTS IN REAL PROPERTY.
Summary
Authorizes title insurers or underwritten title companies to reassign or release a mortgagee's security interest in leases and rents under certain conditions and upon full payment of the mortgage and discharge of the secured debt. Authorizes certain entities to institute an action in any circuit court to obtain the release or reassignment instrument in the absence of compliance of a mortgagee or record assignee. (HB403 HD1)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 20, 2017
Last action Nov 30, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
9
Key actions
2
Committee
4
Feb 16, 2017
Committee
Reported from IAC/CPC (Stand. Com. Rep. No. 440) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Feb 13, 2017
Lower · Passed
The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) McKelvey, Ichiyama, Aquino, Say, Takayama, Todd, Yamane, Fukumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ito.
lower
Feb 13, 2017
Lower · Passed
The committees on IAC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Ohno, Choy, Cachola, Onishi, Tokioka, Woodson; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Ito, Ward.
lower
Jan 23, 2017
Committee
Referred to IAC/CPC, FIN, referral sheet 2
lower
Jan 20, 2017
Introduced
Pending introduction.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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