HB 1047 HD1

Hawaii House bill in Session 2026.

Status: in_committee. Latest action: February 14, 2025.

Interest on Insurance Proceeds; Mortgage Loans; Mortgage Servicers; Hawaii Financial Institutions.

Bill ID HI-2026-HB-1047
Session 2026
Status in_committee
Committee CPC, FIN
House in_committee 2025-02-14
Insurance / Consumer Protection
Summary

Requires Hawaii financial institutions, during a declared state of emergency, and mortgage servicers to determine whether insurance proceeds are to be applied to a mortgage or be placed into an interest-bearing escrow account. Prohibits charging a fee for the maintenance or disbursement of the interest earned from the interest-bearing escrow account. (HD1)

Sponsor
Nadine K. Nakamura
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-02-14 Status in_committee
2025-02-14 Latest Action Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
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