Hawaii · 2025 Regular Session · Concurrent Resolution

HCR 172: REQUESTING THE FEDERAL HOUSING FINANCE AGENCY TO DIRECT FANNIE MAE AND FREDDIE MAC TO REPEAL OR REDUCE THE MINIMUM INSURANCE REQUIREMENTS IN GUIDE SECTION 4703.2, REQUIRING CONDOMINIUM MASTER INSURANCE POLICY COVERAGE FOR ALL PERILS IN AN AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE REPLACEMENT COST VALUE OF THE PROJECT'S IMPROVEMENTS.

In committee Last action March 14, 2025: Referred to CPC, FIN, referral sheet 22

Plain-language summary

HCR 172 is a concurrent resolution introduced in the Hawaii House on March 7, 2025. According to its official title, it concerns: REQUESTING THE FEDERAL HOUSING FINANCE AGENCY TO DIRECT FANNIE MAE AND FREDDIE MAC TO REPEAL OR REDUCE THE MINIMUM INSURANCE REQUIREMENTS IN GUIDE SECTION 4703.2, REQUIRING CONDOMINIUM MASTER INSURANCE POLICY COVERAGE FOR ALL PERILS IN AN AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE REPLACEMENT COST VALUE OF THE PROJECT'S IMPROVEMENTS. Primary sponsor: Diamond Garcia (Republican). Most recent recorded action (March 14, 2025): Referred to CPC, FIN, referral sheet 22.

Sponsors

Primary sponsor: Diamond Garcia (Republican).