Changing the time to forward certificates of ownership to the director of finance from thirty to sixty days when the recorded lien holder does not have an office in the State. (HB1473 HD2)

A BILL FOR AN ACT

SECTION 1. Section 286-52, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

"(b) Within thirty calendar days thereafter, the transferee shall forward the certificate of ownership so endorsed to the director of finance who shall file the same[.]; provided that if the recorded lien holder does not have an office in the State, the applicable period shall be sixty days. Whenever a transferee fails to comply with these provisions, the director of finance shall charge a fee of $50, in addition to the fee provided in section 286-51, for a new certificate of ownership."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.