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HI HB2115

Bill

Official Source

Status

Passed

6/17/2022

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Amends Hawaii Revised Statutes Section 454M-4(c) to expand the Commissioner of Financial Institutions' authority regarding mortgage servicer requirements in chapter 454M
  • Changes the commissioner's power from being able to "modify any or all of the requirements of subsections (e) and (i)" to being able to "modify or waive, in whole or in part, by rule or order, any or all of the requirements in this chapter"
  • Allows the commissioner greater flexibility to implement changes and improvements made to the Nationwide Mortgage Licensing System (NMLS)
  • Takes effect on July 1, 2022

Legislative Description

Relating To Mortgage Servicers.

Mortgage Servicers

Last Action

Act 060, on 06/17/2022 (Gov. Msg. No. 1160).

6/17/2022

Committee Referrals

Commerce and Consumer Protection3/11/2022
Consumer Protection & Commerce1/28/2022

Full Bill Text

No bill text available