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HB1047Introduced in the House

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

IntroducedHouse Finance

Introduced by Nadine Nakamura, District 15

What does this bill do?

Plain-English breakdown

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Official description

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)

Where it stands

Carried over to 2026 Regular Session.

December 8, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

Citizen Voice

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Bill history

  1. Pending introduction.

  2. Introduced and Pass First Reading.

  3. Referred to CPC, FIN, referral sheet 3

  4. Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

  5. The committee(s) on CPC recommend(s) that the measure be deferred.

  6. Bill scheduled for decision making on Tuesday, 02-11-25 2:00PM in conference room 329 VIA VIDEOCONFERENCE.

  7. The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

  8. Reported from CPC (Stand. Com. Rep. No. 674) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  9. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).

  10. Carried over to 2026 Regular Session.

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