Bill Text: HI HB355 | 2010 | Regular Session | Amended

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Bill Title: Delinquent Condominium Assessments; Fee Caps

Spectrum: Moderate Partisan Bill (Democrat 9-1)

Status: (Engrossed - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [HB355 Detail]

Download: Hawaii-2010-HB355-Amended.html

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STAND. COM. REP. NO.  770

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 355

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Judiciary, to which was referred H.B. No. 355, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CONDOMINIUMS,"

 

begs leave to report as follows:

 

     The purpose of this bill is to:

 

     (1)  Limit the late fee for delinquent condominium common expense assessments to 20 percent of the monthly maintenance fee in effect at the time the delinquency occurs;

 

     (2)  Stipulate that the late fee may be assessed monthly and charged for every month any past due common expense assessment remains unpaid; and

 

     (3)  Require the association to give a unit owner written notice at least ten business days before taking any action that would incur attorney's fees.

 

     The Mililani Town Association and several concerned individuals supported this bill.

 

     As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 355, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

		____________________________ JON RIKI KARAMATSU, Chair