HI HB1125

Appropriates $5,109,414 from special funds and $110,000 from trust funds for the Department of Commerce and Consumer Affairs Division of Financial Institutions (Program CCA104) for fiscal years 2019-2021, with 40 permanent full-time equivalent positions authorized.

Repeals the requirement that $2,000,000 of taxes collected on bank and financial corporations be deposited annually to the compliance resolution fund.

Requires the Division of Financial Institutions to assess fees and expenses to financial institutions based on the division's proposed budget, less compliance resolution fund credits and anticipated revenues, with total assessments capped at a legislature-established funding ceiling.

Establishes a $250 per day administrative fine for Hawaii financial institutions that fail to pay required examination expenses and assessments within 30 days.

Modifies the mortgage loan recovery fund provisions to mandate the commissioner cease fee collection once the fund reaches $750,000, with payments remaining ceased until the funding level falls below that amount.