HI HB2195

Exempts homeowner-developers from filing annual reports and paying $50 annual fees under Hawaii Revised Statutes Chapter 514B when they own a two-unit condominium development where one unit is their principal residence and the other unit has been sold.

Modifies Section 514B-58 to treat the developer's occupied unit as "sold" for reporting purposes once the initial sale of the second unit is completed, allowing developers to discontinue annual filings.

Applies only to developments consisting of not more than two units where the developer, successor, or assign permanently resides in one unit and the other unit has completed its initial sale.

Effective July 1, 2050.