30th Legislature, 2020
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SB2526       (?)


Measure Title: RELATING TO THE HAWAIIAN HOMES COMMISSION ACT.
Report Title: Hawaiian Homes Commission Act; Department of Hawaiian Home Lands; Hawaiian Homes Commission; Appraisal; Lease Cancellation; Loan Default; Loan Delinquency; Second Position Loans; Loan Loss Mitigations; Loan Servicing Manual
Description: Amends the Hawaiian Homes Commission Act to require appraisals of improvements to identify the replacement cost or the leasehold market value. Grants authority to DHHL to authorize second position loans on homestead leases by approved lenders. Requires DHHL to develop and implement a loan servicing manual, subject to commission approval, to standardize loan loss mitigation policies, procedures, and methods. Clarifies that DHHL shall not cancel a lease solely based on a loan default or delinquency unless all loan loss mitigation procedures are exhausted pursuant to the loan servicing manual.
Companion:
Package: None
Current Referral: HWN, JDC
Introducer(s): K. KAHELE, S. Chang, Fevella, Kanuha, Riviere

Sort by Date Status Text
1/17/2020SIntroduced.
1/21/2020SPassed First Reading.
1/23/2020SReferred to HWN, JDC.
1/27/2020SThe committee(s) on HWN has scheduled a public hearing on 01-30-20 1:17PM in conference room 016.
1/30/2020SThe committee(s) on HWN deferred the measure until 02-04-20 1:17PM in conference room 016.
2/4/2020SThe committee on HWN deferred the measure.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB2526




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CommRoomDate/TimeNotice 
HWN 016 1/30/2020 1:17 PM View
HWN 016 2/04/2020 1:17 PM View