HI HB61

Amends Hawaii Revised Statutes Section 514B-105 to establish a payment allocation priority system for condominium unit owner payments to associations.

Requires payments be applied first to outstanding common expenses assessed to all unit owners in proportion to their common interest.

Directs that after common expenses are paid, payments be applied to other unit-specific charges including ground lease rent, utility sub-metering, storage lockers, parking stalls, boat slips, insurance deductibles, and cable.

Allows unpaid late fees, legal fees, fines, and interest to be applied only after other charges are paid, in accordance with an association board's adopted payment policy.

Permits unit owners to designate payments for specific non-common expense charges, which must be applied according to the owner's designation even if common expenses remain outstanding.

Takes effect July 1, 2019.