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HI HB554

Bill

Status

Engrossed

3/9/2021

Primary Sponsor

David Tarnas

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • 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.

  • 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.

  • 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."

  • 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.

  • Takes effect January 1, 2050.

Legislative Description

Relating To Real Property Transactions.

Mandatory Seller Disclosures

Last Action

Referred to WTL, CPN.

3/11/2021

Committee Referrals

Water and Land3/11/2021
Consumer Protection & Commerce2/17/2021
Water & Land1/27/2021

Full Bill Text

No bill text available