HI SB15 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on January 22 2015 - 25% progression, died in committee
Action: 2015-01-22 - Referred to CPN/JDL, WAM.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Expands the application of mandatory mortgage foreclosure dispute resolution by requiring mortgagees, at the mortgagor's election, to participate in mediation to avoid foreclosure or mitigate damages from foreclosure prior to filing a judicial foreclosure action for property that has been the mortgagor's primary residence for a specified period. Applies the dispute resolution requirement to judicial foreclosure actions filed prior to the effective date of this measure and pending an initial court hearing. Appropriates funds. Effective December 1, 2015; appropriations effective July 1, 2015.

Tracking Information

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Title

Mortgage Foreclosures; Judicial Foreclosure; Mandatory Dispute Resolution; Mediation; Appropriation ($)

Sponsors


History

DateChamberAction
2015-01-22SenateReferred to CPN/JDL, WAM.
2015-01-22SenatePassed First Reading.
2015-01-22SenateIntroduced.

Same As/Similar To

HB132 (Same As) 2015-02-04 - Re-referred to EDB, CPC/JUD, FIN, referral sheet 9

Hawaii State Sources


Bill Comments

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