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HI SB915
Bill
AI Summary
- Repeals the sunset provision in section 21 of Act 120, Session Laws of Hawaii 2009, making permanent the deregistration of fee simple timeshare interests from the Land Court system
- Transfers fee simple timeshare transactions to the regular registration system in the Bureau of Conveyances instead of the Land Court
- Eliminates the requirement to issue individual certificates of title for each fee simple timeshare unit owner, streamlining the registration process
- Reduces the backlog of recordings at the Land Court by removing hundreds to thousands of individual owner interests from the system
- Received support from the American Resort Development Association, Wyndham Vacation Ownership, and SVO Pacific, Inc.
Legislative Description
Bureau of Conveyances; Deregistration
Last Action
Report adopted; Passed Second Reading and referred to JDL.
2/12/2013
Committee Referrals
Judiciary and Labor2/12/2013
Commerce and Consumer Protection1/31/2013
Water and Land1/24/2013
Full Bill Text
No bill text available