HI SB1263

Requires principal brokers to ensure that real estate licensees and staff assisting common interest communities (condominiums, cooperatives, planned communities, time sharing plans) are responsive to owner requests for association finances, documents, records, and information.

Requires principal brokers to complete any request from the real estate commission to distribute commission-generated information or documents to associations, boards of directors, or unit owners within ten days of receiving the request.

Declares that any violation of a mandatory provision of Hawaii's condominium law by a board or its officers and members constitutes a per se violation of fiduciary duty.

Provides a safe harbor allowing board members to avoid liability for fiduciary duty violations by voting against non-compliant board actions and having their opposing vote recorded in meeting minutes within 45 days of the violation.

Takes effect upon approval.