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HI HB104
Bill
Status
1/22/2015
Primary Sponsor
Isaac Choy
Click for details
AI Summary
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Requires associations to offset any amounts owed to a unit owner against the delinquent assessment before initiating a power of sale foreclosure.
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Associations may only conduct power of sale foreclosure if the assessment owed exceeds the total of any amounts the association owes to the unit owner.
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Adds a new notice requirement (item 8) stating that the association may publish the public notice of sale in a newspaper or on a state website per section 667-96(d).
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Does not affect rights, duties, penalties, or proceedings that were in place before the effective date.
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Effective January 1, 2112.
Legislative Description
Foreclosure; Associations
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on JUD with none voting aye with reservations; none voting no (0) and Ito excused (1).
2/20/2015