2012 Hawaii Revised Statutes
TITLE 36. CIVIL REMEDIES AND DEFENSES AND SPECIAL PROCEEDINGS
667. Mortgage Foreclosures
667-10 Power unaffected by transfer; surplus after sale.

Note

Sections 667-1 to 667-13 designated as Part I by L 1998, c 122, §2.

This is former part I that was renumbered as part IA and amended by L 2012, c 182, §3(5).

Law Journals and Reviews

Mortgagor Protection Laws: A Proposal for Mortgage Foreclosure Reform in Hawai‘i. 24 UH L. Rev. 245.

§667-10 Power unaffected by transfer; surplus after sale. No sale or transfer by the mortgagor shall impair or annul any right or power of attorney given in the mortgage to the mortgagee to sell or transfer the mortgaged property, as attorney or agent of the mortgagor, except as otherwise provided by chapters 501 and 502. When public sale is made of the mortgaged property under this part, distribution of the proceeds of the sale shall be as specified in section 667-3, and the remainder of the proceeds, if any, shall be paid over to the owner of the mortgaged property, after deducting the amount of all claims and all expenses attending the same. [L 1874, c 33, §4; RL 1925, §2883; RL 1935, §4728; RL 1945, §12428; RL 1955, §336-9; HRS §667-10; am L 1972, c 90, §9(i), (j); am L 2011, c 48, §19; am L 2012, c 182, §14]

Case Notes

Surplus: Upon foreclosure sale after death of mortgagor surplus goes to administrator if required to pay debts. 17 H. 453 (prior to enactment of §531-14). Mortgagor can recover surplus from first mortgagee when second mortgagee not a party to the action. 18 H. 352.

Owner of mortgaged property had right to surplus proceeds. 71 H. 204, 787 P.2d 674.