SB1366Introduced in the Senate
Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.
Introduced by Ronald Kouchi, District 8
What does this bill do?
Plain-English breakdown
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Official description
Requires licensed mortgage servicers and financial institutions to pay interest on insurance proceeds held for the benefit of consumers. Provides that a fee shall not be charged to the borrower in connection with the maintenance or disbursement of interest earned from interest-bearing accounts. Effective 7/1/2050. (SD1)
Where it stands
Carried over to 2026 Regular Session.
December 8, 2025
How did lawmakers vote?
SenateStage: Senate Commerce and Consumer Protection: Passed, With Amendments · February 14, 2025
5
Yes
0
No
0
Absent or Not Voting
5 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Tim Richards | 4 | Yes |
| Angus McKelvey | 6 | Yes |
| Carol Fukunaga | 11 | Yes |
| Brenton Awa | 23 | Yes |
| Jarrett Keohokalole | 24 | Yes |
Bill history
Pending Introduction.
Introduced and passed First Reading.
Referred to CPN.
The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
Reported from CPN (Stand. Com. Rep. No. 793) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Report adopted; Passed Second Reading, as amended (SD 1).
48 Hrs. Notice 03-04-25.
Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
Received from Senate (Sen. Com. No. 313) in amended form (SD 1).
Pass First Reading
Referred to CPC, FIN, referral sheet 19
Carried over to 2026 Regular Session.
Verify the information
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