STAND.
COM. REP. NO. 1086-20
Honolulu, Hawaii
, 2020
RE: S.B. No. 2879
S.D. 1
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirtieth State Legislature
Regular Session of 2020
State of Hawaii
Sir:
Your Committee on Intrastate Commerce, to which was referred S.B. No. 2879, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE MORTGAGE LOAN RECOVERY FUND,"
begs leave to report as follows:
The
purpose of this measure is to
expand the pool of persons eligible to receive restitution from the Mortgage
Loan Recovery Fund.
Your Committee finds that the companion to this measure, H.B. No. 2323,
H.D. 2 (Regular Session of 2020), a substantially similar measure, was
previously passed by the House.
Your
Committee has amended this measure by deleting its contents and inserting the
contents of H.B. No. 2323, H.D. 2, which amends this measure by changing the effective
date to July 1, 2050, to promote further discussion.
As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2879, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2879, S.D. 1, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.
Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,
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____________________________ TAKASHI OHNO, Chair |
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