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HI HB272
Bill
Status
1/23/2015
Primary Sponsor
Angus McKelvey
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AI Summary
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Clarifies that sellers of residential real property must disclose documents relating to use restrictions or conditions only if those documents are within the seller's knowledge or control.
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Modifies Hawaii Revised Statutes Section 508D-3.5(b) to add "within the seller's knowledge or control" language to the existing disclosure requirement for restrictions, covenants, and unrecorded rules or guidelines.
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Addresses concerns that Act 186 (2013) may have imposed disclosure obligations on sellers for unrecorded rules or guidelines that are outside their knowledge or control.
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Takes effect on November 1, 2015.
Legislative Description
Real Estate; Seller Disclosure Requirements; Required Documentation
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