Hawaii Senate Bill 1366: Relating To Interest On Insurance Proceeds Related To A Mortgage Loan.

Hawaii · 2026 Regular Session

What it does

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)

Latest action

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

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