Testimony for March 18-19, 2013

HB 634 HD1 - Relating to Employment.  Establishes job security requirements upon the divestiture of a covered establishment if the covered establishment employs 100 or more persons. Effective July 1, 2030.

SB 470 SD1 - Relating to Credit Cards.  Prohibits retailers from imposing credit card surcharges in certain instances. Effective 07/01/2050.

SB 102 SD2 - Relating to the Elderly.  Amend section 412:3-114.5, Hawaii Revised Statutes, to require financial institutions to report instances of suspected financial abuse of an elder directly to the appropriate county police department and the Department of Human Services.

HB 535 HD2 - Relating to Homeless Programs.  Authorizes the designation of temporary nighttime parking lots in each county to provide safe overnight parking for homeless individuals who live and sleep in their motor vehicles and who would otherwise park overnight on public or private roads or property. Appropriates funds. Effective July 1, 2030.

Testimony, March 11-14, 2013

SB 1370 SD2 - Relating to Mediation Affecting Judicial Foreclosure.  Expands the application of mandatory mortgage foreclosure dispute resolution by requiring mortgagees, at the mortgagor's election, to participate in mediation to avoid foreclosure or mitigate damages from foreclosure prior to filing a judicial foreclosure action for property that has been the mortgagor's primary residence for a specified period. Applies the dispute resolution requirement to judicial foreclosure actions filed prior to the effective date of this bill and pending an initial court hearing. Exempts the dispute resolution requirement to judicial foreclosure actions if the mortgagee engages in loss mitigation procedures with the mortgagor. Establishes notification requirements for a mortgagee to notify a mortgagor with respect to loss mitigation options. Requires that an attorney affirm that a mortgagee engaged in loss mitigation procedures with the mortgagor when filing for a judicial foreclosure action.

HB21 HD2 - Relating to Condominiums.  Amends procedures for reimbursement for common assessments by condominium associations after delinquency or foreclosure. Authorizes collection of specified amounts for deposit into a reserve account to pay for unpaid common assessments in the event of foreclosure, or unit sale or transfer.

SB 960 SD1 - Relating to Foreclosures.  Establishes a notice of postponement or cancellation of sale requirement under part IA, chapter 667, Hawaii Revised Statutes, relating to judicial foreclosures.

2013 Mid-Session Report

It is another challenging year for Hawaii's economy, and this fact is evident through the types of active legislation currently moving through the session.  Your League continues to advocate on behalf of Hawaii's credit unions, opposing legislation that would be detrimental, and supporting legislation that would be helpful to credit unions.

Click on the link to view the 2013 Mid-Session Report for credit union-relevant bills that are currently moving through the Hawaii State Legislature.

Please contact HCUL Legislative Officer Stefanie Sakamoto with any legislative questions or concerns.