STAND. COM. REP. NO.  952

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 271

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 271 entitled:

"A BILL FOR AN ACT RELATING TO REAL PROPERTY,"

begs leave to report as follows:

     The purpose of this bill is to streamline real estate transactions and facilitate public access to real estate documents by:

     (1)  Permitting the registrar of the Bureau of Conveyances of the Department of Land and Natural Resources (DLNR)to accept electronic documents with electronic signatures for recording and to consider such documents as equally valid as manually signed documents; and

     (2)  Requiring DLNR to establish electronic recording standards and practices.

     DLNR, the State of Hawaii Commission to Promote Uniform Legislation, and Hawaii Association of Realtors supported this bill.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 271 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair