THE SENATE

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2008

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND AFFORDABLE HOUSING

Senator Russell S. Kokubun, Chair

Senator David Y. Ige, Vice Chair

COMMITTEE ON TOURISM AND GOVERNMENT OPERATIONS

Senator Clarence K. Nishihara, Chair

Senator Donna Mercado Kim, Vice Chair

MEASURES DEFERRED TO MONDAY, FEBRUARY 11, 2008

DATE:	Monday, February 11, 2008
TIME:	9:00 a.m.
PLACE:	Conference Room 229 State Capitol 415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Monday, February 4, 2008)

SB 2026 Testimony	RELATING TO TIME SHARE PLANS. Exempts the offer or sale of a time share interest from the time share law if the offer or sale is for an additional interest in the same time share plan to an existing owner.  Exempts a time share developer or an affiliated entity under common ownership from registration if they are selling a time share interest in a time share plan located outside of Hawaii to an individual who currently owns a time share interest that was purchased from that developer or affiliated entity.	CPH/TSG, WAM
SB 1815 Testimony	RELATING TO CONDOMINIUMS. Prohibits the managing agent of a condominium from engaging in the business of a condominium hotel operator.  Requires the managing agent to make email addresses of unit owners available to all unit owners.	TSG/CPH
SB 3196 Testimony	RELATING TO LEASE TO FEE CONVERSION. Grants lessees a right of first refusal contingent upon a lessor displaying an objective intent to sell or its acceptance of an offer to purchase.	CPH
SB 2407 Testimony	RELATING TO REAL ESTATE APPRAISALS. Prohibits licensees with an interest in a real estate transaction involving an appraisal from improperly influencing the reporting, result, or review of a real estate appraisal.	CPH
SB 3010 Testimony	RELATING TO RESIDENTIAL MORTGAGE PRACTICES. Repeals the law on Mortgage Brokers and Solicitors, chapter 454, Hawaii Revised Statutes, and replaces it with a statute that provides for more specialized regulation of residential mortgage brokers, residential mortgage lenders and residential loan originators by the Division of Financial Institutions.	CPH, WAM
SB 2306 Testimony	RELATING TO MORTGAGE BROKERS. Makes extensive amendments to chapter 454, Hawaii Revised Statutes, relating to regulation and licensing of mortgage brokers and solicitors.	CPH, JDL

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6760.