Hawaii Legislators Wimped Out! Banks Got ‘Em.

ALERT:  VERY HIGH PRIORITY – make phone calls every day!!! Send faxes & emails.

The Hawaii Legislature gutted the old bill HB 651 and REMOVED the MORATORIUM because the banks lobbied them hard…these are the folks you need to target your calls to in addition to the Finance Chair below.  When a Bill is gutted – it is SUPPOSED TO HAVE PUBLIC INPUT.  That did not happen.  We know how corrupt the mortgage fraud is and we should not let it spread through our Legislature.  There should have been testimony allowed on the new gutted bill.


TARGET THESE REPS – Calls, Emails, Letters:

The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Herkes, Yamane, Brower, Cabanilla, Keith-Agaran, Luke, B. Oshiro, Souki, Tsuji, Marumoto, Thielen; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Carroll, Ito, McKelvey, Ching.

TARGET THESE SENATORS – Calls, Emails, Letters::


“SB651 was a good bill, which started the process of bringing accountability to banks and making a fair process for borrowers. Commerce and Consumer Protection and Judiciary Committees, “gutted and replaced” SB651 with very different contents. This often happens when bills cross over from the Senate to the House or vice verse. However, CPC and JUD should have posted the “proposed draft” on the legislative website, and allowed public comment for the new, overly long, watered down bill. As a committee member explained during the hearing, “The lenders talk to us every day.” ”

We do, however, have one more chance to make our voices heard, to talk to the legislators very day. The new, and wimpy bill is next going to the Finance Committee. Especially please ask people in District 39, the Finance Chair’s district: Wahiawa, Whitmore Village, Launani Valley, to call Chair Oshiro (808) 586-6200 and suggest:

a) that he schedules the bill

b) that he amends it back to the previous version: SB651 SD2

See the differences in the 2 Bills below:

1. SB651_HD1_.HTM SB651 Status
Filesize: 117312
Electronic File Date: 3/23/2011 8:47:52 PM

Report Title:

Mortgage Foreclosures


Repeals the old nonjudicial foreclosure process.  Clarifies the new nonjudicial foreclosure process.  Strengthens laws regarding mortgage servicers.  Broadens the duties of the Center for Alternative Dispute Resolution.  Effective July 1, 2050.  (SB651 HD1)

2. SB651_SD2_.HTM SB651 Status
Filesize: 43675
Electronic File Date: 3/4/2011 7:52:02 PM

Report Title:

Mortgage Foreclosures; Dispute Resolution; Appropriation


Requires foreclosing mortgagees to engage in a dispute resolution process at the election of a mortgagor before carrying out a judicial or nonjudicial power of sale foreclosure; authorizes the supreme court to adopt rules for dispute resolution; establishes a special fund for foreclosure dispute resolution to be expended by the judiciary; imposes a moratorium on foreclosures for 6 months after effective date; makes appropriation.  Effective 7/1/2050.  (SD2)

General site for SB 651:


Don’t put this off – these are your homes and life’s savings at risk – let them know how you feel and have all of your friends and families call them too… and remind them you will be voting in the next election – but only for the Legislators that listen to your requests.