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HI HR128

Resolution

Official Source

Status

Introduced

3/8/2019

Primary Sponsor

Joy San Buenaventura

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Requests each county council in Hawaii to adopt an ordinance requiring disclosure in real property tax sales and other real property sales notices
  • Mandates sellers disclose any material facts known to them that would prevent buyers from obtaining title insurance for the purchased property
  • Requires sellers to include a statement in the notice of sale that they do not guarantee the buyer will be able to obtain title insurance
  • Directs that certified copies of the resolution be sent to the mayor and county council chairperson of each county
  • Addresses consumer protection concerns for property buyers, particularly those in non-judicial foreclosures and tax sales who lack realtor assistance

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

Committee Referrals

Consumer Protection & Commerce3/14/2019

Full Bill Text

No bill text available