THE SENATE
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 |
DATE: |
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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)
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.
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CPH/TSG, WAM |
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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.
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TSG/CPH |
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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.
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CPH |
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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.
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CPH |
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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.
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CPH, WAM |
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RELATING TO MORTGAGE BROKERS. Makes extensive amendments to chapter 454, Hawaii Revised Statutes, relating to regulation and licensing of mortgage brokers and solicitors.
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CPH, JDL |
No testimony will be accepted.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6760.