Hawaii House Bill 1047: Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.

Hawaii · 2026 Regular Session

What it does

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)

Latest action

Carried over to 2026 Regular Session. (2025-12-08)

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