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HI HB2585

Bill

Status

Passed

4/2/2014

Primary Sponsor

Angus McKelvey

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • Applies prospectively only; does not affect rights, duties, penalties, or proceedings that existed before the Act's effective date.

  • Takes effect upon approval.

Legislative Description

Foreclosure; Association Assessments; Notice

Last Action

Act 004, 4/1/2014 (Gov. Msg. No. 1104).

4/2/2014

Committee Referrals

Commerce and Consumer Protection3/6/2014
Consumer Protection & Commerce1/27/2014

Full Bill Text

No bill text available