Gov. Neil Abercrombie signed a bill into law Thursday that forces lenders to meet face-to-face with homeowners before foreclosing on a property.
"The credit for this today is, in fact, a reflection of what we try to be in Hawaii, which is good neighbors and good friends to one another," Abercrombie said moments before signing the measure. "We want to try and avoid if we can, to put the consumer, the homeowner, in a position where they feel the entire institutional establishment is lined up against them. Quite the opposite... We're trying to move from the consumer, up."
Proponents say Hawaii will now have one of the nation's toughest foreclosure laws.
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