# Hawaii SB 1366: RELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN.

Hawaii SB 1366, RELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN., is a 2025–2026 Regular Session (Year 1) Senate bill sponsored by Ronald D. Kouchi (Democratic); status passed senate, last action 2025-03-06 (Pass First Reading) (as of 2026-10-28).

- Canonical: https://policyrisk.com/state-bill/HI-SB1366-2025
- As of: 2026-10-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii SB 1366
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 1)
- Title: RELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN.
- Status: passed senate
- Chamber: Senate
- Introduced: 2025-01-21
- Last action: 2025-03-06, Pass First Reading
- Sponsor: Ronald D. Kouchi (Democratic)
- Cosponsors: 0
- Subjects: Interest on Insurance Proceeds, Mortgage Loans, Mortgage Servicers Financial Institutions, CPC, FIN
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Requires licensed mortgage servicers and financial institutions to pay interest on insurance proceeds held for the benefit of consumers. Provides that a fee shall not be charged to the borrower in connection with the maintenance or disbursement of interest earned from interest-bearing accounts. Effective 7/1/2050. (SD1)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Ronald D. Kouchi (Democratic), Senate

## Actions (12)

- 2025-03-06: Pass First Reading (House)
- 2025-03-06: Referred to CPC, FIN, referral sheet 19 (House)
- 2025-03-04: Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. (Senate)
- 2025-03-04: Received from Senate (Sen. Com. No. 313) in amended form (SD 1). (House)
- 2025-02-27: Reported from CPN (Stand. Com. Rep. No. 793) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. (Senate)
- 2025-02-27: Report adopted; Passed Second Reading, as amended (SD 1). (Senate)
- 2025-02-27: 48 Hrs. Notice 03-04-25. (Senate)
- 2025-02-14: The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate)
- 2025-02-10: The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference. (Senate)
- 2025-01-27: Referred to CPN. (Senate)
- 2025-01-23: Introduced and passed First Reading. (Senate)
- 2025-01-21: Pending Introduction. (Senate)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_SD1_.pdf)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_.PDF)
- SB1366_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_SD1_.HTM)

## Related bills

- SB 572: RELATING TO HOUSING. (signed)
- HB 431: RELATING TO HOUSING. (signed)
- HB 420: RELATING TO REMEDIES. (signed)
- SB 1296: RELATING TO DISASTER RECOVERY. (signed)
- HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS. (signed)
- HB 1064: RELATING TO FIRE PROTECTION. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_SD1_.pdf)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_.PDF)
- [SB1366_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/SB1366_SD1_.HTM)

## Related
- [SB 572: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB572-2025)
- [HB 431: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-HB431-2025)
- [HB 420: RELATING TO REMEDIES.](https://policyrisk.com/state-bill/HI-HB420-2025)
- [SB 1296: RELATING TO DISASTER RECOVERY.](https://policyrisk.com/state-bill/HI-SB1296-2025)
- [HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS.](https://policyrisk.com/state-bill/HI-HB830-2025)
- [HB 1064: RELATING TO FIRE PROTECTION.](https://policyrisk.com/state-bill/HI-HB1064-2025)
- [Hawaii bills](https://policyrisk.com/states/hawaii/bills)
- [Hawaii state hub](https://policyrisk.com/states/hawaii)
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Source: PRIA, https://policyrisk.com/state-bill/HI-SB1366-2025 (as of 2026-10-28).