SB 2121 Hawaii Senate · 2024 Regular Session

RELATING TO THE MORTGAGE LOAN RECOVERY FUND.

Summary

Authorizes consumers aggrieved by the conduct of a mortgage loan originator licensee to recover from the Mortgage Loan Recovery Fund. Allows for excess moneys in the Mortgage Loan Recovery Fund to be used for certain training and educational purposes. Increases to $150,000 the restitution available to consumers from the Mortgage Loan Recovery Fund. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2024

Committee Review

Floor Vote

Governor

Introduced Jan 16, 2024 Last action Feb 14, 2024

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 14, 2024

Committee

Reported from CPN (Stand. Com. Rep. No. 2395) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 2, 2024

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Jan 29, 2024

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-02-24 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 18, 2024

Committee

Referred to CPN, WAM.

upper

Jan 17, 2024

Introduced

Introduced and passed First Reading.

upper

Jan 16, 2024

Introduced

Pending Introduction.

upper

8 primary · 3 co-sponsors