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HI HB1241
Bill
Status
1/25/2017
Primary Sponsor
Tom Brower
Click for details
AI Summary
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Amends Section 454M-4, Hawaii Revised Statutes to establish reduced application and renewal fees for nonprofit organizations licensed as mortgage loan servicers (fee amounts left blank in the bill text).
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Current application fee of $675 and renewal fee of $600 for mortgage servicers remain unchanged for non-nonprofit entities.
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Requires the Commissioner of Financial Institutions to conduct an analysis of Chapter 454M's impact and application to nonprofit organizations by twenty days before the 2019 legislative session.
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Takes effect July 1, 2112 (appears to be a drafting error), and is repealed June 30, 2019, with the statute reverting to its previous form.
Legislative Description
Relating To Mortgage Servicers.
Exemption
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on JUD with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017