AffectsAdds Sections 503B-A, 503B-B and 503B-C to and amends Sections 503B-1, 503B-3 and 503B-8 of the Hawaii Revised Statutes.
AnalysisSection 1 of Senate Bill 2910 presents the Hawaii Legislature’s finding for the bill: “The legislature finds the existing process for authentication and recordation of time share real estate documents signed outside of the United States can be cumbersome and expensive. Act 277, Session Laws of Hawaii 2013 (Act 277), established the commissioners of deeds program within the office of the lieutenant governor to streamline this process…. The legislature further finds that after the enactment of Act 277, a working group was established to assist in implementing the commissioners of deeds program. Representatives from the office of the lieutenant governor, department of the attorney general, department of commerce and consumer affairs, and bureau of conveyances, and members of the time share industry met on multiple occasions to discuss and analyze the implementation of Act 277. The working group determined that additional legislation and authorization would assist with the effective implementation of the commissioners of deeds program and ensure the protection of consumers who wish to purchase a time share property located in the State. However, due to a lack of funding and the absence of necessary clarification, the program has not yet been implemented.” As a result, Senate Bill 2910 was enacted into law.
Read Senate Bill 2910.