STAND. COM. REP. NO. 998
Honolulu, Hawaii
, 2013
RE: S.B. No. 914
S.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Sir:
Your Committee on Veterans, Military, & International Affairs, & Culture and the Arts, to which was referred S.B. No. 914, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TIME SHARE CONVEYANCES,"
begs leave to report as follows:
The purpose of this measure is to help streamline the purchase process for consumers who are located abroad and wish to purchase a time share property in Hawaii. Among other things, this bill:
(1) Authorizes the Governor to appoint Commissioners of Deeds to administer oaths, take acknowledgements, and take proofs of execution in time share transactions outside of the United States in connection with the execution of conveyance documents for time share property located in Hawaii;
(2) Requires a Commissioner of Deeds to provide consumers a written notice of the effect of the Commissioner's actions and the consumer's rights under Hawaii law and allows the Lieutenant Governor to establish penalties, by rule, for violation of notice requirements;
(3) Establishes oath, seal, recordkeeping, and bonding requirements for Commissioners of Deeds; and
(4) Specifies liabilities and limitations on liabilities for Commissioners of Deeds.
As affirmed by the record of votes of the members of your Committee on Veterans, Military, & International Affairs, & Culture and the Arts that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 914, S.D. 1, and recommends that it pass Second Reading and be referred to the Committees on Consumer Protection & Commerce and Judiciary.
Respectfully submitted on behalf of the members of the Committee on Veterans, Military, & International Affairs, & Culture and the Arts,
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____________________________ K. MARK TAKAI, Chair |
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