SB 1105 Hawaii Senate · 2021 Regular Session

RELATING TO THE MORTGAGE LOAN RECOVERY FUND.

Summary

Allows a person aggrieved by the fraud, misrepresentation, or deceit of a mortgage loan originator company licensee to receive restitution payment upon a final court order. Repeals fees paid by mortgage loan originator companies and their branch office locations to the Mortgage Loan Recovery Fund. Provides the Commissioner of Financial Institutions with the authority to consider applications to recover from the fund. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2021

Committee Review

Floor Vote

Governor

Introduced Jan 27, 2021 Last action Feb 12, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 12, 2021

Committee

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.

upper

Feb 12, 2021

Committee

Reported from CPN (Stand. Com. Rep. No. 190) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

upper

Feb 10, 2021

Committee

Re-Referred to CPN, WAM/JDC.

upper

Feb 10, 2021

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 7 Aye(s): Senator(s) Baker, Chang, Misalucha, Nishihara, Riviere, San Buenaventura, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 5, 2021

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-10-21 9:30AM in conference room 229.

upper

Jan 29, 2021

Committee

Referred to CPN, JDC.

upper

Jan 27, 2021

Introduced

Introduced.

upper

1 primary · 0 co-sponsors