All Roll Calls
Yes: 47 • No: 0
HawaiiHB 10472025–2026 Regular Session (Year 2)House
RELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN.
Sponsored By: Nadine K. Nakamura (Democratic)
Passed
Summary
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)
Interest on Insurance ProceedsMortgage LoansMortgage ServicersHawaii Financial InstitutionsCPC, FIN
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Nadine K. Nakamura
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/14/2025
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...
Yes: 47 • No: 0
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025Reported from CPC (Stand. Com. Rep. No. 674) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/14/2025HousePassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
2/14/2025HouseThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
2/11/2025HouseBill scheduled for decision making on Tuesday, 02-11-25 2:00PM in conference room 329 VIA VIDEOCONFERENCE.
2/7/2025HouseThe committee(s) on CPC recommend(s) that the measure be deferred.
2/4/2025HouseBill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
1/31/2025HouseIntroduced and Pass First Reading.
1/23/2025HouseReferred to CPC, FIN, referral sheet 3
1/23/2025HousePending introduction.
1/21/2025House
Bill Text
Bill Text
HB1047_HD1
Original
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