STAND. COM. REP. NO.  786

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1336

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred H.B. No. 1336 entitled:

"A BILL FOR AN ACT RELATING TO SANCTIONS FOR VIOLATIONS BY MORTGAGE BROKERS AND SOLICITORS COMMITTED AGAINST ELDERS,"

beg leave to report as follows:

     The purpose of this bill is to protect elderly consumers by providing for additional sanctions for violations by mortgage brokers and solicitors committed against elders.

     The Department of Commerce and Consumer Affairs testified in support of this bill.  The AARP Hawaii supported the intent of this measure.

     As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1336 and recommend that it pass Second Reading and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,

____________________________ TOMMY WATERS, Chair

____________________________ ROBERT N. HERKES, Chair