HOUSE OF REPRESENTATIVES
                 THE TWENTIETH LEGISLATURE
                  REGULAR SESSION OF 1999

       COMMITTEE ON CONSUMER PROTECTION AND COMMERCE
                   Rep. Ron Menor, Chair
              Rep. Marilyn B. Lee, Vice Chair

  Rep. Romy M. Cachola          Rep. Jerry L. Chang
  Rep. Nestor R. Garcia         Rep. Robert N. Herkes
  Rep. Kenneth T. Hiraki        Rep. Sol Kaho'ohalahala
  Rep. Hermina M. Morita        Rep. Roy M. Takumi
  Rep. Terry Nui Yoshinaga      Rep. Chris Halford
  Rep. Jim Rath                 Rep. Cynthia H. Thielen
  Rep. Paul Whalen


                     NOTICE OF HEARING

        DATE:    Thursday, March 18, 1999

        TIME:    6:00 P.M.

        PLACE:   Conference Room 325, State Capitol


                        A G E N D A


SB 285   RELATING TO CONDOMINIUM PROPERTY REGIMES             CPC
SD 1     Clarifies the powers of the boards of directors of
      associations of apartment owners to enter into purchase
      agreements with lessors in order to facilitate and
      encourage voluntary lease-to-fee conversions of
      condominium projects.

SB 1134  RELATING TO REVERSE MORTGAGES                        CPC
SD 1     Requires lenders to refer borrowers to a HUD approved
      housing counseling agency for counseling prior to
      accepting an application for a reverse mortgage loan.
      Makes failure to comply with requirement an unfair or
      deceptive act or practice.  Exempts certain loans from
      counseling requirement.

SB 776   RELATING TO FINANCIAL SERVICES LOAN COMPANIES        CPC
      Allows depository financial services loan companies to
      hold up to a quarter of their total reserves in
      securities listed on the National Market system of the
      National Association of Securities Dealers Automated
      Quotation System stock market.

SB 1132  RELATING TO THE INSURANCE CODE                       CPC
      Amends the provisions governing examination and
      investigations of captive insurance companies.

 
SB 1262  RELATING TO CAPTIVE INSURANCE                        CPC
      Establishes classes of captive insurance companies.

SB 970   RELATING TO BAIL BONDS                               CPC
SD 1     Exempts bail bond rates from insurance rate filing
      requirements.

SB 1517  RELATING TO ACUPUNCTURE PRACTITIONERS                CPC
SD 1     Extends to July 1, 2001, the date acupuncture schools
      have to achieve accreditation or candidacy for
      accreditation.


                 DECISION MAKING TO FOLLOW


PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF
THEIR TESTIMONY 24 HOURS PRIOR TO THE HEARING TO:  (1)  THE
COMMITTEE'S OFFICE IN ROOM 320, STATE CAPITOL; OR (2)  THE HOUSE
SGT.-AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL
BASEMENT PARKING LOT.  TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-
AT-ARMS OFFICE AT:  586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR
ISLANDS).  WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS
BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE
REQUIRED NO. OF COPIES THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2"
X 11" SHEET.  FOR FURTHER INFORMATION, PLEASE CALL THE CONSUMER
PROTECTION AND COMMERCE OFFICE AT 586-6150.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR
SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE
STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR
ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE
CONTACT THE CPC OFFICE 24 HOURS PRIOR TO THE HEARING SO
ARRANGEMENTS CAN BE MADE.




                               _______________________________
                               Rep. Ron Menor
                               Chair