States / Hawaii / HB 1047

HB 1047 Reported from Committee

RELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Requires Hawaii financial institutions, during a declared state of emergency, and mortgage servicers to determine whether insurance proceeds are to be applied to a mortgage or be placed into an interest-bearing escrow account. Prohibits charging a fee for the maintenance or disbursement of the interest earned from the interest-bearing escrow account. (HD1)

Chamber
House
Introduced
Jan 21, 2025
Last action
Jan 21, 2025 — Pending introduction.
Session
2026
Momentum
43 · Moderate