HI SB552

Amends Act 181 (Session Laws of Hawaii 2017) to allow condominium property regimes created before July 1, 2006, with active developer's public reports to be sold without revising governing documents if the report was non-expired and accurate between January 1, 2019, and July 1, 2020.

Treats chapter 514A developer's public reports as non-expiring chapter 514B reports if they had active effective dates between January 1, 2019, and July 1, 2020, exempting subsequent reports from conversion requirements under section 514B-84(a)(1) and (2).

Extends the operation of specified sections of the repealed chapter 514A, Hawaii Revised Statutes, until June 30, 2020, to give developers time to update public reports and qualify for safe harbor provisions.

Exempts condominiums registered under chapter 514A from revising governing documents to comply with chapter 514B specifically for sales of time share interests.

Clarifies that chapter 514B requirements for developer's public report amendments do not apply to duly registered time share projects under chapter 514E when proper disclosures are provided or when sales occur outside Hawaii.