STAND. COM. REP. NO. 994-12
Honolulu, Hawaii
, 2012
RE: S.B. No. 2429
S.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2012
State of Hawaii
Sir:
Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred S.B. No. 2429, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO FORECLOSURES,"
beg leave to report as follows:
(1) Adding provisions relating to unpaid assessments and release of recorded liens by associations;
(2) Clarifying the mortgage foreclosure law under chapter 667, Hawaii Revised Statutes, by establishing general provisions and provisions for an association alternate power of sale process;
(3) Clarifying provisions relating to penalties and fines;
(4) Clarifying provisions relating to public notice of public sale;
(5) Clarifying provisions relating to unfair or deceptive acts or practices; and
(6) Making other clarifying and conforming amendments.
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 S.B. No. 2429, S.D. 2, and recommend that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,
____________________________ GILBERT KEITH-AGARAN, Chair |
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____________________________ ROBERT N. HERKES, Chair |
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