THE SENATE
THE TWENTY-THIRD LEGISLATURE
REGULAR SESSION OF 2005
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COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND HOUSING |
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Senator Ron Menor, Chair |
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Senator Rosalyn H. Baker, Vice Chair |
NOTICE OF HEARING
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DATE: |
Wednesday, February 23, 2005 |
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TIME: |
9:00 a.m. |
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PLACE: |
Conference Room 016 State Capitol 415 South Beretania Street |
A G E N D A
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SB 1139 |
RELATING TO TIME SHARING. Allows an escrow agent to release purchasers' funds to a developer prior to closing if the developer secures the funds with a bond or letter of credit. |
CPH |
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SB 971 SD1 (SSCR212) |
RELATING TO TIME SHARE. Narrows gift and prize disclosure requirements; allows time share booth signage to contain art and design elements and excludes booths in the time share project, or in a hotel owned or operated by the time share developer or affiliate from signage requirements; removes signs and banners from certain disclosure requirements; excludes money paid for an activity, product, or service from prohibition on developer receipt of sums from prospective buyers. (SD1) |
TSM, CPH |
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SB 107 |
RELATING TO TIME SHARING. Defines "master development" and "person". Clarifies definitions of "blanket lien" and "project". |
CPH |
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SB 108 |
RELATING TO MORTGAGE BROKERS AND SOLICITORS. Exempts time share sales agent from mortgage broker/solicitor licensure requirement if agent is licensed real estate broker or salesperson and time share plan developer is licensed mortgage broker. |
CPH |
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SB 1140 |
RELATING TO FINANCIAL SERVICE LOAN COMPANIES. Allows financial services loan companies to impose certain fees and charges with regard to a consumer loan unless specifically prohibited by statute or by the commissioner by rule. |
CPH |
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SB 953 (SSCR179) |
RELATING TO REAL PROPERTY DISCLOSURES. Require sellers of residential property to disclose to buyers the close proximity of agricultural lands by including this geographic information in the disclosure statement provided to buyers. |
WLA, CPH |
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SB 1798 |
RELATING TO NONPROFIT CORPORATIONS. Exempts condominium associations from requirements governing cumulative voting for nonprofit corporations. |
CPH |
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SB 1137 |
RELATING TO CONDOMINIUMS. Repeals prohibition on the purchase of deposits or certificates of deposit through a securities broker by a condominium association. |
CPH |
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SB 767 |
RELATING TO CONDOMINIUM ASSOCIATION FUNDS. Increases the number of financial institutions into which condominium associations or their managing agents may deposit funds. |
CPH |
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SB 1344 |
RELATING TO ASSOCIATION OF APARTMENT OWNERS. Clarifies that contracts entered into between the association of apartment owners and a managing agent or property management company, are to be made available for examination by apartment owners with a duly executed affidavit. |
CPH |
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SB 1349 |
RELATING TO CONDOMINIUM PROPERTY REGIMES. Requires condominium board of directors to maintain certain financial records for current and prior 4 years available for review by apartment owners. |
CPH |
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SB 1348 |
RELATING TO CONDOMINIUM PROPERTY REGIMES. Requires association of apartment owners to maintain records apartment owners are entitled to review kept on the property if the association or a resident manager maintains an office on the property. |
CPH |
Decision Making to follow, if time permits.
Persons wishing to testify should submit 25 copies of their testimony to the committee clerk, Room 219, State Capitol, 24 hours prior to the hearing. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.
If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.
Public Folder. A folder labeled "Public Folder" containing the measures and testimonies for the hearing will be available for shared use by members of the public.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740
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________________________________________ Senator Ron Menor Chair |
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