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HI HB218

Bill

Status

Engrossed

3/7/2017

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Requires foreclosing mortgagees and associations to post public notice of property sales in a conspicuous location on the mortgaged property or unit at least 28 days before the sale date, in addition to existing newspaper or website publication requirements.

  • Changes mandatory language from "may publish" to "shall publish" in notices of default and intention to foreclose, making publication in newspapers, state websites, and on the property itself a requirement rather than optional.

  • Applies new conspicuous posting requirement to both residential mortgage foreclosures (Section 667-27) and condominium unit foreclosures by associations (Section 667-96).

  • Requires associations conducting postponed foreclosure sales to follow all public notice publication requirements described in Section 667-96(d), including the new conspicuous posting requirement.

  • Effective July 1, 2112.

Legislative Description

Relating To Foreclosures.

Foreclosure

Last Action

Re-Referred to CPH, JDC.

1/17/2018

Committee Referrals

Commerce, Consumer Protection, and Health3/9/2017
Consumer Protection & Commerce2/9/2017
Intrastate Commerce1/23/2017

Full Bill Text

No bill text available