Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Judiciary and Hawaiian Affairs, to which was referred S.B. No. 2704 entitled:

begs leave to report as follows:

The purpose of this measure is to require the disclosure of any release or waiver of liability for a construction defect by a seller of residential real property.

Six individuals testified in support of the measure.

Your Committee finds that this measure protects prospective purchasers of residential real property by providing them with relevant and necessary information relating to construction defects prior to making a purchase of residential real property. The availability of this information will protect Hawaii's consumers by allowing them to make informed decisions regarding the purchase of any residential real property.

As affirmed by the record of votes of the members of your Committee on Judiciary and Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2704 and recommends that it pass Third Reading.