STAND. COM. REP. NO.  121

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 218

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Intrastate Commerce, to which was referred H.B. No. 218 entitled:

"A BILL FOR AN ACT RELATING TO FORECLOSURES,"

begs leave to report as follows:

The purpose of this measure is to increase transparency in the foreclosure process by requiring that notice of public sales, including postponed or cancelled sales, be published both electronically and once in each of three consecutive weeks in a newspaper of general circulation in the affected county.

A concerned individual supported this measure.  Porter McGuire Kiakona & Chow, LLP and Associa opposed this measure.

     As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 218 and recommends that it pass Second Reading and be referred to your Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,

____________________________

TAKASHI OHNO, Chair