CONFERENCE COMMITTEE REP. NO. 12

Honolulu, Hawaii

                 , 2009

RE:    H.B. No. 1071

       H.D. 3

       S.D. 2

       C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir and Madam:

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1071, H.D. 3, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO MORTGAGE SERVICERS,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose of this bill is to establish with the Commissioner of Financial Institutions, a system to license and regulate servicers of residential mortgage loans secured by real property located in Hawaii.

     Your Committee on Conference has amended this bill by making technical, nonsubstantive changes for style, clarity, and conformity.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1071, H.D. 3, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1071, H.D. 3, S.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ ROSALYN H. BAKER, Chair	____________________________ RIDA CABANILLA, Co-Chair
____________________________ DONNA MERCADO KIM, Co-Chair	____________________________ ROBERT N. HERKES, Co-Chair
	____________________________ ROLAND D. SAGUM III, Co-Chair