STAND. COM. REP. NO. 104
Honolulu, Hawaii
RE: S.B. No. 914
Honorable Donna Mercado Kim
President of the Senate
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Madam:
Your Committee on Transportation and International Affairs, to which was referred S.B. No. 914 entitled:
"A BILL FOR AN ACT RELATING TO TIME SHARE CONVEYANCES,"
begs leave to report as follows:
The purpose and intent of this measure is to create a new chapter to authorize the Governor to appoint commissioners to administer oaths, take acknowledgments, and proofs of execution outside of the United States in connection with the execution of conveyance documents relating to a timeshare interest, any property subject to a time share plan, or the operation of a time share plan covering any property located within the State.
Your Committee received testimony in support of this measure from Wyndham Vacation Ownership, Starwood Vacation Ownership, Disney Vacation Development, and American Resort Development Association.
Your Committee finds that deeds of timeshare interests in Hawaii timeshare plans must be notarized in order to be recordable. Typically, this is not a problem for deeds signed in Hawaii or in other states; however it can pose a problem in jurisdictions outside of the United States in which notaries public are not common.
This measure would help streamline the process for consumers who are located abroad and wish to purchase a time share property in Hawaii. The Commissioner of Deeds could then take acknowledgments and proofs of execution of the consumer's signature on all necessary paperwork and enable the document to be properly recorded in accordance with Hawaii law.
As affirmed by the record of votes of the members of your Committee on Transportation and International Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 914 and recommends that it pass Second Reading and be referred to the Committee on Commerce and Consumer Protection.
Respectfully submitted on behalf of the members of the Committee on Transportation and International Affairs,
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____________________________ J. KALANI ENGLISH, Chair |
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