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HI HCR139
Concurrent Resolution
Status
3/8/2019
Primary Sponsor
Joy San Buenaventura
Click for details
AI Summary
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Requests each county council to adopt an ordinance requiring real property tax sales and other real property sales to include a disclosure in the notice of sale about title insurance availability.
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Requires sellers to disclose any material facts known to them that would likely prevent a buyer from obtaining title insurance for the property.
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Requires sellers to disclose that they do not guarantee the buyer will be able to obtain title insurance for the property.
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Directs certified copies of the resolution to be transmitted to the mayor of each county and chairperson of each county council.
Legislative Description
Requesting The County Councils To Adopt Ordinances Requiring That In The Course Of Real Property Tax Sales And Other Real Property Sales, The Notice Of Sale Include Disclosure That The Buyer May Not Be Able To Obtain Title Insurance.
Counties
Last Action
The committee(s) on CPC recommend(s) that the measure be deferred.
3/21/2019