Loading chat...

HI SB1104

Bill

Official Source

Status

Engrossed

3/9/2021

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Increases the maximum amount an injured person may recover per contract from the contractors recovery fund from $12,500 to $25,000 under Hawaii Revised Statutes Section 444-26(a)
  • Raises the maximum liability of the contractors recovery fund per licensed contractor from $25,000 to $75,000 under Hawaii Revised Statutes Section 444-34
  • Recovery remains limited to actual damages, court costs, court-set fees, and reasonable attorney fees as determined by the court
  • Excludes recovery for persons injured by contractors whose license was suspended, revoked, forfeited, terminated, or inactive at the time of contract
  • Takes effect January 1, 2050, with automatic repeal on June 30, 2024, restoring prior law amounts unless further extended by the legislature

Legislative Description

Relating To The Contractors Recovery Fund.

Recovery

Last Action

Conference committee meeting scheduled for 04-21-21 1:30PM; CR 229.

4/19/2021

Committee Referrals

Finance3/25/2021
Consumer Protection & Commerce3/11/2021
Ways and Means2/18/2021
Commerce and Consumer Protection1/29/2021

Full Bill Text

No bill text available