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HI SB3083

Bill

Official Source

Status

Engrossed

3/4/2022

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Amends Section 454M-4(c) of Hawaii Revised Statutes to expand the Commissioner of Financial Institutions' authority regarding mortgage servicer requirements.

  • Changes the Commissioner's power from modifying only specific requirements (subsections (e) and (i)) to the ability to modify or waive any or all requirements in Chapter 454M, either by rule or order.

  • Enables the Commissioner to implement changes and improvements made to the Nationwide Multistate Licensing System (NMLS) more flexibly.

  • Takes effect on July 1, 2022.

Legislative Description

Relating To Mortgage Servicers.

Mortgage Servicers

Last Action

Referred to CPC, referral sheet 24

3/10/2022

Committee Referrals

Consumer Protection & Commerce3/10/2022
Commerce and Consumer Protection1/26/2022

Full Bill Text

No bill text available