SB 2104 SD 1

RELATING TO FINANCING OF AFFORDABLE HOUSING

By Senator(s) TAM

Keywords: BANKS AND BANKING, CREDIT UNIONS, FINANCIAL INSTITUTIONS, FINANCIAL SERVICES LOAN COMPANIES, INTEREST AND USURY, MORTGAGES, SAVINGS AND LOAN ASSOCIATIONS

Report Title: Work out plans

Description: Requires financial institutions to develop and implement a work out plan to help mortgagors maintain their current mortgages in times of financial difficulty. (SD1)

 1-19-00        S Introduced and passed First Reading                      
 1-21-00        S Referred to 1. GOH 2. CPN                                
 1-28-00        S Bill scheduled to be heard by GOH on 02-01-00 at
                  1:30 p.m. in conference room 224
 2- 1-00        S The measure is deferred.                                 
 2-11-00        S Bill scheduled for decision making by GOH on
                  02-15-00 at 3:00 p.m. in conference room 224.
 2-15-00        S The measure is deferred until 02-17-00 at 1:30 p.m.         
                  in conference room 224.
 2-17-00        S The committee on GOH recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 2-17-00        S The votes in GOH were as follows: 5 Ayes: Senator(s)        
                  Tam; Ayes with reservations: Senator(s) Matsunaga,
                  Sakamoto, Tanaka, Anderson; none Noes: Senator(s) ;         
                  and 4 Excused: Senator(s) Matsuura, Chun, Hanabusa,         
                  Levin
 2-18-00        S Reported from GOH (Stand. Com. Rep. No. 2267) with
                  recommendation of passage on Second Reading, as
                  amended (SD 1) and referral to CPN
 2-18-00        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to CPN.