THE SENATE
THE TWENTY-SIXTH LEGISLATURE
REGULAR SESSION OF 2012
COMMITTEE
ON JUDICIARY AND LABOR
Senator Clayton Hee, Chair
Senator Maile Shimabukuro, Vice-Chair
MEASURES DEFERRED TO WEDNESDAY, APRIL 04, 2012
|
DATE:
|
Wednesday, April 04, 2012
|
|
TIME:
|
10:00 AM
|
|
PLACE:
|
Conference Room 016
State Capitol
415 South Beretania Street
|
DECISION MAKING ON THE
FOLLOWING MEASURE(S):
|
HB1875
SD1
(SSCR2945)
Status and Testimony
|
RELATING TO FORECLOSURES.
Implements the 2011 recommendations of the mortgage foreclosure task force,
and other best practices, to address various issues relating to the mortgage
foreclosures law and related issues affecting homeowner association liens and
the collection of unpaid assessments. Repeals the nonjudicial foreclosure
process under part I of chapter 667, HRS. Makes permanent the mortgage
foreclosure dispute resolution program and the process for converting
nonjudicial foreclosures of residential property into judicial foreclosures.
Repeals the provision excluding participants of the dispute resolution
program from converting nonjudicial foreclosure proceedings to judicial
actions. Effective 6/30/20. (SD1)
|
CPN, JDL
|
|
HB2019
SD1
(SSCR2851)
Status and Testimony
|
RELATING TO MORTGAGES.
Requires a court to find the fair market value of the real property or
interest in real property prior to issuing a money judgment following a power
of sale foreclosure. Prohibits deficiency judgments on certain purchase
money mortgages, when a mortgagee has elected to foreclose under power of
sale, and for certain residential property sold in a short sale. (SD1)
|
CPN, JDL
|
No testimony will be accepted.
FOR AMENDED NOTICES: Measures that have been deleted are stricken through and
measures that have been added are underscored. If a measure is both
underscored and stricken through, that measure has been deleted from the
agenda.
FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-586-7330.