By Representative(s) ARAKAKI / MCDERMOTT / LEE; Pendleton, Stegmaier
Keywords: DEPT. OF COMMERCE AND CONSUMER AFFAIRS, HOUSING, MORTGAGES, REAL PROPERTY
Report Title: Reverse Mortgages
Description: Adds a new Chapter to the Hawaii Revised Statutes regarding "reverse" mortgages, loans against home equity providing cash advances to elderly homeowners and requiring no repayment until a future time, usually until the borrower dies, sells the home, or permanently moves.
1-22-99 H Introduced and passed First Reading
1-25-99 H Referred to the committees on 1. CPC 2. FIN ,
referral sheet 3
1-19-00 H Carried over to 2000 Regular Session.