HI HB11

Clarifies that disclosure of condominium project instrument provisions is required only when the purchaser will own an undivided interest in a fee simple or leasehold condominium unit.

Requires time share plan developers to list "primary plan documents" (including time share declarations, trust agreements, association organizational documents, and occupancy rules) in the public disclosure statement.

Distinguishes between material liens and other liens, allowing non-material liens to be disclosed via website link instead of in the disclosure statement, provided the developer certifies they do not substantially impact property utilization.

Permits consultants reviewing developer filings to accept developer certification regarding encumbrances on title in lieu of reviewing all encumbrances, as long as the developer identifies any blanket liens or material encumbrances and their impact.

Effective June 30, 3000.