HB 1072 HD 1

RELATING TO REVERSE MORTGAGES

By Representative(s) SAY (BR)

Companion Bill: SB 1134

Subjects: Governor

Keywords: BANKS AND BANKING, DEPT. OF COMMERCE AND CONSUMER AFFAIRS, HOUSING, MORTGAGES, REAL PROPERTY

Report Title: Reverse Mortgages

Description: guidelines, prior to acceptance of a reverse mortgage loan application, if loan is not otherwise subject to counseling requirements under other state or federal laws. Violation is deemed unfair method of competition or unfair or deceptive act or practice. (HB1072 HD1)

 1-27-99        H Introduced and passed First Reading                      
 1-28-99        H Referred to the committee on CPC, referral sheet 5       
 3- 2-99        H Bill scheduled to be heard by CPC on Wednesday,
                  03-03-99 at 2:00 P.M. in House conference room 325.
 3- 3-99        H The committee on CPC recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 3-99        H The votes in CPC were as follows:12 Ayes: Rep.(s)
                  Menor, Lee, Cachola, Chang, Garcia, Herkes, Hiraki,         
                  Kaho`ohalahala, Takumi, Yoshinaga, Thielen, Whalen;         
                  Ayes with reservations: Rep.(s) ; none Noes: Rep.(s)        
                  ; and 3 Excused: Rep.(s) Morita, Halford, Rath
 3- 5-99        H Reported from the committee on CPC (Stand. Com. Rep.        
                  No. 910) as amended in (HD 1), recommending passage         
                  on Second Reading and placement on the calendar for         
                  Third Reading
 3- 5-99        H Passed Second Reading as amended in (HD 1); placed
                  on the calendar for Third Reading  with
                  Representative(s) Rath voting no and
                  Representative(s) Moses, Okamura, Takamine excused
 3- 9-99        H Passed Third Reading as amended in (HD 1)                
 3- 9-99        H The vote was as follows:  48 aye(s), with none
                  voting no and Representative(s) Moses, Okamura,
                  Yoshinaga excused
 3- 9-99        H Transmitted to Senate                                    
 3-11-99        S Received from House (Hse. Com. No. 350)                  
 3-11-99        S Passed First Reading and referred to CPN                 
 3-18-99        S Bill scheduled to be heard by CPN on 03-24-99 at
                  9:00 a.m. in conference room 016
 3-24-99        S The committee on CPN recommends that the measure be         
                  PASSED, UNAMENDED.
 3-24-99        S The votes in CPN were as follows: 7 Ayes: Senator(s)        
                  Kanno, Taniguchi, Bunda, Hanabusa, Inouye, Matsuura,        
                  Slom; Ayes with reservations: Senator(s) ; none
                  Noes: Senator(s) ; and 1 Excused: Senator(s) Ihara
 4- 8-99        S Reported from CPN (Stand. Com. Rep. No. 1470) with
                  recommendation of passage on Second Reading and
                  placement on the calendar for Third Reading
 4- 8-99        S Report adopted; Passed Second Reading                    
 4- 8-99        S 48 hours notice                                          
 4- 9-99        S Deferred until 04-13-99 .                                
 4-13-99        S Passed Third Reading. Ayes, 25.  Noes, none. 
                  Excused, none.
 4-13-99        S Transmitted to House                                     
 4-14-99        H Returned from Senate (Sen. Com. No. 490)                 
 4-15-99        H Transmitted to Governor                                  
 4-28-99        S Act 050, 04-26-99, (Gov. Msg. No. 351)                   
 4-28-99        H Act 050, on 04-26-99 (Gov. Msg. No. 214)