RELATING TO MORTGAGES.
HB 2612 clarifies that a mortgage cannot exist or be enforced separately from the underlying debt it secures. This bill directly affects mortgage lenders and borrowers by requiring that any legal action related to a mortgage must be tied to the original loan obligation. The key provision states that a mortgage is not an independent financial instrument and cannot be pursued without reference to the debt it covers. This change aims to prevent situations where lenders might attempt to enforce mortgage terms outside the context of the original loan agreement.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2026
Last action Feb 20, 2026
Maddy AI version diff · 1 comparison
What changed between versions
HB2612
→
HB2612_HD1
·
3 edits
MINOR
The bill was amended to update the effective date from immediate approval to July 1, 3000, and to clarify the formatting rules for repealing existing law. Additionally, a specific provision regarding mortgage recording dates was modified to change the word 'prior' to 'before' for greater clarity.
Scope change
The bill's applicability remains focused on mortgage laws, but the timeline for when these rules take effect has been significantly extended to the year 3000.
TIMELINE
The effective date of the Act was changed from 'upon approval' to 'July 1, 3000', delaying the implementation of the changes by decades.
TECHNICAL
The instruction for how repealed statutory material should be formatted was updated to specify that it should be 'bracketed and stricken'.
A specific clause regarding mortgage recording dates was edited to replace the word 'prior' with 'before' to improve readability.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
3
Feb 20, 2026
Committee
Reported from CPC (Stand. Com. Rep. No. 757-26) as amended in HD 1, recommending passage on Second Reading and referral to JHA.
lower
Feb 19, 2026
Lower · Passed
The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Tam; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Lowen, Marten, Pierick.
lower
Feb 2, 2026
Committee
Referred to CPC, JHA, referral sheet 6
lower
Jan 28, 2026
Introduced
Introduced and Pass First Reading.
lower
7 primary · 0 co-sponsors
Sponsors
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