H.B. 241 Summary

• Creates a new chapter establishing regulations for peer-to-peer motor vehicle sharing organizations, defining key terms including lessor, lessee, and peer-to-peer motor vehicle sharing agreement

• Prohibits lessors from renting, leasing, or offering for rent vehicles subject to manufacturer's recalls until repairs are completed within 48 hours of receiving notice, or sooner if practicable

• Requires all vehicles rented or leased by peer-to-peer motor vehicle sharing organizations to carry motor vehicle insurance meeting minimum liability coverage requirements under section 431:10C-301

• Requires peer-to-peer motor vehicle sharing organizations to register with the director of taxation for a one-time $20 fee and display the registration certificate at their place of business

• Applies manufacturer's recall requirements to all vehicle lessors under Chapter 437D, Hawaii Revised Statutes, in addition to the peer-to-peer sharing organization provisions