HB811 Summary

• Amends Hawaii Revised Statutes Section 514B-56 to exempt timeshare projects registered under Chapter 514E from developer public report amendment requirements when timeshare disclosure statements are required or when offers are made outside Hawaii.

• Extends safe harbor provisions in Act 181, Session Laws of Hawaii 2017 until July 1, 2020, allowing condominium property regimes created before July 1, 2006 to sell units without revising governing documents if their developer's public report is non-expired and accurate between January 1, 2019 and July 1, 2020.

• Keeps specified sections of Chapter 514A, Hawaii Revised Statutes operative through June 30, 2020 to provide developers sufficient time to update developer's public reports to qualify for the safe harbor provisions.

• Allows timeshare interest sales in Chapter 514A condominiums without requiring revision of governing documents to comply with Chapter 514B requirements.

• Takes effect July 1, 2050.