The Hawaii State Department of Commerce and Consumer Affairs (DCCA) has unveiled its Mortgage Foreclosure Dispute Resolution (MFDR) program, which is designed to offer owner-occupants of residential property in nonjudicial foreclosure the opportunity to meet directly with their lenders to modify their loans or work out an alternative to the foreclosure process.
The MFDR program is the primary component established under Act 48 (Session Laws of Hawaii 2011), which sought to implement a comprehensive strategy to reform the foreclosure process in Hawaii. The program will run through Sept. 30, 2014, and is funded by fees paid by participating lenders and owner-occupants.
Lenders may submit nonjudicial foreclosure notice filings through the program's website. According to the DCCA, the MFDR online application was developed at no cost and is maintained via the eHawaii.gov program, a largely self-funded public-private partnership between the State of Hawaii and Hawaii Information Consortium LLC, a wholly owned subsidiary of NIC Inc., headquartered in Olathe, Kan.