2020 Archives
You are viewing archived information from 2020
| Measure Title: |
RELATING TO THE HAWAIIAN HOMES COMMISSION ACT.
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| 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
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| 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.
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| Companion: |
|
| Package: |
None
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| Current Referral: |
HWN, JDC
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| Introducer(s): |
K. KAHELE, S. Chang, Fevella, Kanuha, Riviere
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| Act: |
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| Sort by Date | | Status Text |
| 2/4/2020 | S | The committee on HWN deferred the measure. |
| 1/30/2020 | S | The committee(s) on HWN deferred the measure until 02-04-20 1:17PM in conference room 016. |
| 1/27/2020 | S | The committee(s) on HWN has scheduled a public hearing on 01-30-20 1:17PM in conference room 016. |
| 1/23/2020 | S | Referred to HWN, JDC. |
| 1/21/2020 | S | Passed First Reading. |
| 1/17/2020 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB2526
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