STAND. COM. REP. NO. 483
Honolulu, Hawaii
, 2013
RE: H.B. No. 839
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Sir:
Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 839 entitled:
"A BILL FOR AN ACT RELATING TO MORTGAGE SERVICERS,"
begs leave to report as follows:
(1) Authorizing the Commissioner of Financial Institutions to conduct examinations and investigations that do not require initiation by a consumer complaint; and
(2) Adjusting the fees for mortgage servicer licensees registering through the Nationwide Mortgage Licensing System.
The Department of Commerce and Consumer Affairs provided testimony in support of this measure.
Your Committee has amended this measure by:
(1) Deleting the provision generally authorizing the Commissioner of Financial Institutions to conduct investigations and examinations and access, receive, and use any books, accounts, records, files, documents, information, or evidence that the Commissioner deems relevant to the inquiry or investigation, regardless of the location, possession, control, or custody of the documents, information, or evidence;
(2) Changing its effective date to July 1, 2112, for the purpose of facilitating further discussion; and
(3) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 839, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 839, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
|
|
|
____________________________ ANGUS L.K. McKELVEY, Chair |
|
|
|
|