Bill Text: HI HB424 | 2013 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Time Shares; Conveyances; Commissioners of Deeds; Appropriation ($)

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-07-09 - Became law without the Governor's signature, Act 277, 7/9/2013, (Gov. Msg. No. 1383). [HB424 Detail]

Download: Hawaii-2013-HB424-Amended.html

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STAND. COM. REP. NO.  670

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 424

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 424, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TIMESHARE CONVEYANCES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to address the problem of notarization of deeds and related instruments for timeshare interests in Hawaii that are executed in foreign jurisdictions in which notary publics are not common.  Specifically, this bill authorizes the Governor to appoint Commissioners of Deeds to take acknowledgements, proofs of execution, or oaths related to the conveyance of timeshare properties located within the State and executed in such foreign jurisdictions.

 

     The American Resort Development Association Hawaii; SVO Pacific, Inc.; Disney Vacation Development, Inc.; and Wyndham Vacation Ownership testified in support of this bill.  

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 424, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ SYLVIA LUKE, Chair