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2017 Archives
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HB1085 HD1     
Report Title: Mortgage Loan Originators; Division of Financial Institutions; Chapter 454F; Secure and Fair Enforcement for Mortgage Licensing Act
Description: Clarifies and updates requirements under chapter 454F, Hawaii Revised Statutes, for mortgage loan origination. Clarifies persons subject to criminal history disclosures and criminal history background checks on applications for licensure and change of control of the licensee, and when a person is presumed to control a mortgage loan originator company (MLOC). Clarifies responsibilities of a "qualified individual", amends the definition, and requires an exempt sponsoring MLOC to have a qualified individual and a principal place of business in the State. Clarifies supervisory requirements of nonprofit organizations under chapter 454F, Hawaii Revised Statutes, and when a nonprofit employee is exempt from registration and licensure as a mortgage loan originator. Clarifies the applicable fee for a criminal history background check. Defines "executive officer". Effective July 1, 2112. (HB1085 HD1)
Companion:  SB951
Package: Governor
Current Referral: CPC, FIN
Introducer(s): SOUKI (Introduced by request of another party)

Sort by Date Status Text
2/17/2017HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017HReported from CPC (Stand. Com. Rep. No. 549) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/13/2017HThe committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) McKelvey, Ichiyama, Aquino, Ito, Say, Takayama, Todd, Yamane, Fukumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
2/7/2017HBill scheduled for decision making on Monday, 02-13-17 2:00PM in conference room 329.
2/7/2017HThe committee(s) on CPC recommend(s) that the measure be deferred until 02-13-17.
2/1/2017HBill scheduled to be heard by CPC on Tuesday, 02-07-17 2:00PM in House conference room 329.
1/27/2017HReferred to CPC, FIN, referral sheet 5
1/25/2017HPass First Reading
1/23/2017HPending introduction.

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

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HB1085 HD1
All Versions of this Measure

Committee Reports

Hearing Notices
2/07/17 2:00P
2/13/17 2:00P