HAMB has a Legislative Committee that takes care of Legislative issues that affect our industry at the Local Level (State) and at the National Level (Federal). This Year (2018) during the first quarter; HAMB reported about the following:
Summary: SB2062 and HB 1619 are two bills, one in the State Senate and one in the State House. Both have passed first reading. They are requiring that all servicing agents have brick and mortar presence and that servicing MUST be maintained in the State of Hawaii.
Testimonies in opposition were presented by the Mortgage Lending Community.
All the relevant information, including links can be found within the downloadable document provided.
Every year we send some delegates from Hawaii to Washington, D.C. to the meeting with the National Association of Mortgage Professionals (NAMB).
May 5 – 8, 2018: NAMB Legislative Conference in Washington D.C. at the Mayflower Hotel. HAMB we sent a Delegate from Hawaii to attend this meeting and to meet with our congressmen and women to discuss talking points, regarding Eliminating the 3% Cap, among other topics.