31st Legislature, 2021
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SB884 SD1       (?)


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 services manual. (SD1)
Companion:  HB1124
Package: None
Current Referral: HWN, JDC
Introducer(s): SHIMABUKURO, INOUYE, KEOHOKALOLE, KIDANI, Chang, Gabbard, Ihara, Misalucha, Nishihara, Riviere, San Buenaventura

Sort by Date Status Text
1/22/2021SIntroduced.
1/25/2021SPassed First Reading.
1/29/2021SReferred to HWN, JDC.
2/1/2021SThe committee(s) on HWN has scheduled a public hearing on 02-04-21 1:00PM in conference room Via Videoconference.
2/4/2021SThe committee(s) on HWN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HWN were as follows: 5 Aye(s): Senator(s) Shimabukuro, Keohokalole, Acasio, Ihara, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/10/2021SReported from HWN (Stand. Com. Rep. No. 102) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDC.
2/10/2021SReport adopted; Passed Second Reading, as amended (SD 1) and referred to JDC.

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

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SB884 SD1






CommDate/Time/RoomNotice 
HWN 2/04/21 1:00P
Via Videoconference
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