Informing the Legislature that on May 29, 2025, the Governor signed the following bill into law: SB332 SD1 HD3 CD1 (ACT 105).

This bill, Act 105 (SB332), modifies Hawaii's foreclosure process to help maintain owner-occupied housing. It requires each foreclosed home to be sold separately at public auctions (not bundled with other properties) and delays the final sale for up to 45 days. During this period, current tenants, future owner-occupants, or qualifying nonprofits can submit a bid to purchase the home. The law applies to all power-of-sale foreclosures and aims to prevent foreclosed properties from becoming investor-owned rentals or vacant properties.