HB 467 Hawaii House · 2025 Regular Session

RELATING TO FORECLOSURES.

Summary

Prohibits sellers of foreclosed homes from bundling properties at a public sale and requires each foreclosed home to be sold separately. Specifies that the sale of a foreclosed property is not final until either fifteen days after the public sale or forty-five days if an eligible bidder submits a subsequent bid or written notice of intent to submit a subsequent bid. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Feb 13, 2025

Maddy AI version diff · 1 comparison

What changed between versions

HB467 → HB467_HD1 · 4 edits

MODERATE

This bill amends Hawaii's foreclosure laws to prevent bundled property sales and protect homeowners by giving tenants and other eligible buyers a 45-day window to match or beat the highest bid. It also clarifies downpayment rules and refund conditions for eligible bidders.

Scope change

The bill expands protection to include families, city and state government, affordable housing nonprofits, and community land trusts as eligible bidders alongside existing tenants and prospective owner-occupants.

ELIGIBILITY

Added 'families' to the list of eligible bidders who can match the highest bid to purchase foreclosed properties.

REQUIREMENT

Changed the downpayment refund condition from 'loses the bid to an eligible bidder' to 'loses the bid to an eligible bidder pursuant to section 667-B' for consistency across sections.

Removed the bracketed '[not]' and '[.];' formatting artifacts from the downpayment requirement text in sections 667-29 and 667-98.

TECHNICAL

Added new sections 5 through 8 to codify new sections, clarify statutory material formatting, and set an effective date of July 1, 3000.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 13, 2025

Committee

Report adopted; referred to the committee(s) on JHA with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kitagawa, Ward excused (3).

lower

Feb 13, 2025

Committee

Reported from CPC (Stand. Com. Rep. No. 554), recommending referral to JHA.

lower

Feb 11, 2025

Lower · Passed

The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Feb 6, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 212) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

lower

Jan 31, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Kitagawa.

lower

Jan 21, 2025

Committee

Referred to HSG, CPC, JHA, referral sheet 2

lower

Jan 21, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 17, 2025

Introduced

Pending introduction.

lower

9 primary · 1 co-sponsor