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HI HB2018
Bill
Status
3/6/2012
Primary Sponsor
Robert Herkes
Click for details
AI Summary
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Repeals the provision in Chapter 667, Hawaii Revised Statutes that treats any mortgage foreclosure law violation as an unfair or deceptive act or practice, which was scheduled to expire September 30, 2014
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Designates specific enumerated foreclosure violations as unfair or deceptive acts or practices effective October 1, 2014
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Allows avoidance of title transfer in foreclosures where designated violations occur
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Received opposition testimony from the Hawaii Financial Services Association, Hawaii Credit Union League, Hawaii Bankers Association, Legal Aid Society of Hawaii, and one individual
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Committee on Finance recommends passage
Legislative Description
Foreclosures; Unfair or Deceptive Act or Practice; Title Transfers
Last Action
(S) The committee on CPN deferred the measure.
3/14/2012