All Roll Calls
Yes: 30 • No: 0
HawaiiSB 13662025–2026 Regular Session (Year 2)Senate
RELATING TO INTEREST ON INSURANCE PROCEEDS RELATED TO A MORTGAGE LOAN.
Sponsored By: Ronald D. Kouchi (Democratic)
Passed
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)
Interest on Insurance ProceedsMortgage LoansMortgage Servicers Financial InstitutionsCPC, FIN
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Ronald D. Kouchi
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/4/2025
Senate Floor Vote
Yes: 25 • No: 0
Senate vote • 2/14/2025
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 5 • No: 0
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025Pass First Reading
3/6/2025HouseReferred to CPC, FIN, referral sheet 19
3/6/2025HousePassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/4/2025SenateReceived from Senate (Sen. Com. No. 313) in amended form (SD 1).
3/4/2025HouseReported 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.
2/27/2025SenateReport adopted; Passed Second Reading, as amended (SD 1).
2/27/2025Senate48 Hrs. Notice 03-04-25.
2/27/2025SenateThe 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.
2/14/2025SenateThe committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.
2/10/2025SenateReferred to CPN.
1/27/2025SenateIntroduced and passed First Reading.
1/23/2025SenatePending Introduction.
1/21/2025Senate
Bill Text
Bill Text
Original
SB1366_SD1
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