STAND. COM. REP. NO.  327-10

 

Honolulu, Hawaii

                , 2010

 

RE:   H.B. No. 2895

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 2895 entitled:

 

"A BILL FOR AN ACT RELATING TO FORECLOSURE,"

 

begs leave to report as follows:

 

     The purpose of this bill is to allow a court supervised sale for homeowners who successfully appeal a sales price obtained through non-judicial foreclosure proceedings.

 

     Legal Aid Society of Hawaii and a concerned individual testified in support of this bill.  Hawaii Bankers Association supported the intent of this measure.  Hawaii Financial Services Association opposed this bill.  Hawaiian Alliance, LLC, provided comments.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2895 and recommends that it pass Second Reading and be referred to the Committee on Judiciary.

 

 

Respectfully submitted on behalf of the members of the Committee on Housing,

 

 

 

 

____________________________

RIDA CABANILLA, Chair