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HI HB1096

Bill

Status

Passed

6/30/2016

Primary Sponsor

Angus McKelvey

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends Section 454F-10.5 of Hawaii Revised Statutes to specify that mortgage loan originator company locations must be open to the public during posted business hours, with at least some hours during regular business hours.

  • Requires business hours to be posted on or adjacent to the main office door for locations in commercial buildings, visible to the public from outside.

  • Allows business hours to be posted on the company website (along with address and phone number) if the location is not in a commercial building or posting on the door is not permitted.

  • Mandates that posted business hours be displayed in a clear, conspicuous, and accurate manner to inform consumers when the location will be open.

  • Takes effect on July 1, 2016.

Legislative Description

Residential Mortgage Loans; Mortgage Loan Originator Companies; Posted Business Hours; Regular Business Hours

Last Action

Act 144, 06/29/2016 (Gov. Msg. No. 1246).

6/30/2016

Committee Referrals

Commerce, Consumer Protection, and Health3/10/2016
Finance2/9/2016
Consumer Protection & Commerce2/2/2015

Full Bill Text

No bill text available