STAND. COM. REP. NO.  827

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 Finance, to which was referred H.B. No. 839, H.D. 1, entitled:

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

begs leave to report as follows:

The purpose of this measure is to provide meaningful oversight of mortgage services by:

     (1)  Authorizing the Commissioner of Financial Institutions        to conduct examinations and investigations; and

     (2)  Adjusting the fees for mortgage service licensees              registering through the Nationwide Mortgage Licensing              System and Registry.

The Department of Commerce and Consumer Affairs testified in support of this measure.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 839, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair