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HI HB2585
Bill
Status
4/2/2014
Primary Sponsor
Angus McKelvey
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AI Summary
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Amends Hawaii Revised Statutes Section 667-92(f) to clarify which parties may be served notice of nonjudicial foreclosure by publication and posting when an association cannot serve notice within 60 days.
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Allows service by publication and posting on the unit owner or parties listed in subsections (e)(2) and (e)(5), rather than only the unit owner.
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Maintains three foreclosure options for associations: obtaining court permission for nonjudicial foreclosure by publication, proceeding without court permission (with restrictions on deficiency judgments and a one-year redemption period), or taking control of unoccupied units to generate rental income toward delinquency.
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Applies prospectively only; does not affect rights, duties, penalties, or proceedings that existed before the Act's effective date.
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Takes effect upon approval.
Legislative Description
Foreclosure; Association Assessments; Notice
Last Action
Act 004, 4/1/2014 (Gov. Msg. No. 1104).
4/2/2014