Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committees on Consumer Protection and Commerce and Judiciary and Hawaiian Affairs, to which was referred S.B. No. 180, S.D. 2, H.D. 1, entitled:

beg leave to report as follows:

The purpose of this bill is to:

Testimony in support of this bill was received from the American Resort Development Association of Hawaii, Hilton Grand Vacations Club, Pahio Resorts, Interval International, and several concerned individuals. DCCA testified in support of the bill with proposed amendments.

Your Committees have amended the time share unfair and deceptive trade practices statute as suggested by DCCA by providing that when purchasers are informed of their statutory seven-day right of rescission of any time sharing sales contract, that disclosure must be made above the signature line of the sales contract or purchaser agreement, in conspicuous bold type and capital letters.

Your Committees have further amended this bill by making technical, nonsubstantive changes for purposes of style, clarity, and consistency.

As affirmed by the records of votes of the members of your Committees on Consumer Protection and Commerce and Judiciary and Hawaiian Affairs that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 180, S.D. 2, H.D. 1, as amended herein, and recommend that it pass Third Reading in the form attached hereto as S.B. No. 180, S.D. 2, H.D. 2.