Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Consumer Protection and Commerce, to which was referred S.B. No. 175, S.D. 2, entitled:

begs leave to report as follows:

The purpose of this bill is to eliminate the requirement that time share sales and acquisition agents register with the Department of Commerce and Consumer Affairs (DCCA).

Testimony in support of this measure was received from the DCCA, American Resort Development Association of Hawaii, Hilton Grand Vacations Club, Pahio Resorts, Interval International, and the Lawai Beach Resort.

Your Committee finds that the requirement for time share agents and acquisition agents who are already licensed as real estate brokers or real estate salespersons to register with the DCCA is duplicative and unnecessary.

As affirmed by the record of votes of the members of your Committee on Consumer Protection and Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 175, S.D. 2, and recommends that it pass Third Reading.