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HI HB1775

Bill

Official Source

Status

Introduced

1/22/2026

Primary Sponsor

Tina Grandinetti

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Extends the finalization period for judicial foreclosure sales to allow "eligible bidders" to submit subsequent bids within 15 days (with notice of intent) or up to 45 days after the public sale
  • Defines eligible bidders as current tenants, prospective owner-occupants, affordable housing nonprofits, community land trusts, or state/county government agencies
  • Requires eligible tenant buyers to be occupying the property as their primary residence under a rental agreement and not be related to the mortgagor
  • Mandates prospective owner-occupants submit an affidavit committing to occupy the property within 60 days of deed recording and maintain occupancy for at least one year
  • Requires successful subsequent bidders to make a nonrefundable downpayment of at least 10% of the highest bid price to the foreclosing mortgagee

Legislative Description

Relating To Foreclosures.

Eligible Bidders

Last Action

The committee(s) on CPC recommend(s) that the measure be deferred.

2/5/2026

Committee Referrals

Consumer Protection & Commerce1/26/2026

Full Bill Text

No bill text available