THE SENATE
THE TWENTY-EIGHTH LEGISLATURE
REGULAR SESSION OF 2016

COMMITTEE ON WAYS AND MEANS
Senator Jill N. Tokuda, Chair
Senator Donovan M. Dela Cruz, Vice-Chair

MEASURES DEFERRED TO FRIDAY, FEBRUARY 19, 2016

DATE:

Friday, February 19, 2016

TIME:

9:30 AM

PLACE:

Conference Room 211
State Capitol
415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

SB2680 SD1
(SSCR2048)
Status and Testimony

RELATING TO FINANCIAL INSTITUTIONS.
Clarifies and addresses inconsistencies within the fee schedule for financial institutions in chapter 412, Hawaii Revised Statutes.  Repeals the credit union advisory board.  (SD1)

CPH, WAM

SB2850 SD1
(SSCR2020)
Status and Testimony

RELATING TO MORTGAGE INDUSTRY REGULATION.
Makes various amendments to the mortgage loan originators law, chapter 454F, Hawaii Revised Statutes, and the mortgage servicers law, chapter 454M, Hawaii Revised Statutes, by:  increasing the clarity and consistency of the two chapters, which regulate related industries, including adding definitions and updating references to federal regulations; moving mortgage servicer provisions that currently appear in chapter 454F, Hawaii Revised Statutes, to chapter 454M, Hawaii Revised Statutes; and deleting the mortgage loan servicer loan modification license under chapter 454F, Hawaii Revised Statutes.  (SD1)

CPH, WAM

SB2853 SD1
(SSCR2044)
Status and Testimony

RELATING TO INSURANCE.
Adopts the National Association of Insurance Commissioners' Risk Management and Own Risk and Solvency Assessment Model Act.  Applies certain requirements for risk-based capital and severability and notice provisions to risk retention captive insurance companies.  Adopts the National Association of Insurance Commissioners Model Risk Retention Act.  (SD1)

CPH, WAM

SB2863 SD1
(SSCR2127)
Status and Testimony

RELATING TO CITATIONS FOR MASSAGE THERAPY VIOLATIONS.
Authorizes the issuance of a citation for specific violations of massage therapy laws by licensees.  Establishes a process for licensees to contest the citation.  Provides for the assessment of fines for each violation.  (SD1)

CPH, WAM

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 808-587-7215.