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Neutral Bill Mar 16, 2026

Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.

Requires Hawaii financial institutions, during a declared state of emergency, and mortgage servicers to determine whether insurance proceeds are to be applied to a mortgage or be placed into an interest-bearing escrow account. Prohibits charging a fee for the maintenance or disbursement of the interest earned from the interest-bearing escrow account. (HD1)

https://legiscan.com/HI/bill/HB1047/2026
Bill data from LegiScan, used under CC BY 4.0.
Nadine Nakamura State Representative
Interest on Insurance Proceeds Mortgage Loans Mortgage Servicers Hawaii Financial Institutions
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