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HI HB554
Bill
Status
3/9/2021
Primary Sponsor
David Tarnas
Click for details
AI Summary
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Requires sellers to disclose whether residential property lies within the sea level rise exposure area as designated by the Hawaii climate change mitigation and adaptation commission or its successor.
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Adds sea level rise exposure area as a fifth mandatory disclosure requirement under Chapter 508D, Hawaii Revised Statutes, alongside existing disclosures for flood hazard areas, airport noise zones, military airport zones, and tsunami inundation areas.
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Updates references to flood insurance maps from "Flood Insurance Administration maps" to "flood maps promulgated by the National Flood Insurance Program of the Federal Emergency Management Agency."
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Requires counties to provide maps detailing the five designated areas by tax map key number (zone, section, parcel) and allows reasonable copying fees for legible copies.
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Takes effect January 1, 2050.
Legislative Description
Relating To Real Property Transactions.
Mandatory Seller Disclosures
Last Action
Referred to WTL, CPN.
3/11/2021