STAND. COM. REP. NO. 258-14
Honolulu, Hawaii
, 2014
RE: H.B. No. 2513
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Sir:
Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 2513 entitled:
"A BILL FOR AN ACT RELATING TO MORTGAGE FORECLOSURES,"
begs leave to report as follows:
Your Committee finds that section 667-17, Hawaii Revised Statutes, requires attorneys filing a judicial foreclosure action for residential property to submit an affirmation that the attorney has verified the accuracy of documents submitted in connection with the foreclosure action. However, the statute currently does not specify when the affirmation must be submitted, thus allowing attorneys to initiate a foreclosure action without information sufficient to warrant the action. This measure helps to prevent those unwarranted actions by requiring that the attorney affirmation be filed with the court at the time that the foreclosure action is commenced.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2513 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 Consumer Protection & Commerce,
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____________________________ ANGUS L.K. McKELVEY, Chair |
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