Senate Resolution 171 Summary

• Requests the Department of Commerce and Consumer Affairs' Real Estate Commission to convene a task force to recommend mandatory education, training, and certification requirements for condominium association directors and officers.

• Cites Hawaii's high number of director and officer liability insurance claims and large claim amounts, attributed to unpaid volunteer directors lacking knowledge of governing documents, board responsibilities, and fiduciary duties.

• Task force must include representatives from Community Associations Institute, Hawaii Council of Community Associations, property management companies, insurance industry, real estate industry, legislative members, and owner advocacy groups, with the Real Estate Commission Chairperson serving as chair.

• Task force shall develop a curriculum covering governing documents, fiduciary duties, personal liability, codes of conduct, conflicts of interest, and confidentiality; consider educational delivery methods including legal counsel seminars and webinars; and explore using the Condominium Education Trust Fund for vendor-created educational programs.

• Task force must submit findings, recommendations, and proposed legislation to the Legislature no later than twenty days before the 2021 regular session convenes.