Hawaii · 2025 Regular Session · Concurrent Resolution

SCR 186: 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 12, 2025: Referred to EIG, CPN.

Plain-language summary

SCR 186 is a concurrent resolution introduced in the Hawaii Senate 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: Brenton Awa (Republican), Samantha DeCorte (Republican). Most recent recorded action (March 12, 2025): Referred to EIG, CPN.

Sponsors

Primary sponsors: Brenton Awa (Republican); Samantha DeCorte (Republican).