Tuesday, May 26, 2009

Letters in Support of Bills Sent to Governor

HCUL has sent two letters in support of two important bills awaiting the approval or veto of the Governor.

HB31, Relating to Employment Practices, makes it illegal for employers to use a prospective employee's credit report for purposes of evaluation. Financial institutions that are federally insured are exempt from this law.

SB1218, Relating to Mortgage Loan Originators brings Hawaii into compliance with the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008. This act required states to regulate the mortgage industry by July 1, 2010, or become federally regulated.

Letter of Support for HB31
Letter of Support for SB1218