STAND. COM. REP. NO.56
Honolulu, Hawaii
, 2001
RE: H.B. No. 22
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Tourism and Culture, to which was referred H.B. No. 22 entitled:
"A BILL FOR AN ACT RELATING TO TIME SHARING PLANS,"
begs leave to report as follows:
The purpose of this bill is to exclude employees or contractors of licensed real estate brokers from time share plan registration requirements under chapter 514E, Hawaii Revised Statutes (HRS).
The American Resort Development Association (ARDA), ARDA of Hawaii, Hilton Grand Vacations Club, and an employee of Resort Condominium International submitted testimony in support of the measure. The Department of Commerce and Consumer Affairs also testified in support of the measure, but with suggested amendments.
Your Committee has amended this bill by:
(1) Excluding employees or contractors of time share acquisition agents who are not licensed as real estate brokers from time share registration requirements under chapter 514E, HRS; and
(2) Specifying that time share acquisition agents and sales agents under chapter 514E, HRS, are responsible for the actions of their employees and contractors.
As affirmed by the record of votes of the members of your Committee on Tourism and Culture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 22, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 22, H.D. 1, and be referred to the Committee on Consumer Protection and Commerce.
Respectfully submitted on behalf of the members of the Committee on Tourism and Culture,
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____________________________ JERRY CHANG, Chair |