Bill Text: HI HB423 | 2013 | Regular Session | Amended

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Bill Title: Bureau of Conveyances; Sunset Provision; Repeal; Deregistration of Registered Land Other than Fee Time Share Interests

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-06-18 - Act 119, 6/14/2013 (Gov. Msg. No. 1219). [HB423 Detail]

Download: Hawaii-2013-HB423-Amended.html

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STAND. COM. REP. NO. 859

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 423

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Madam:

 

     Your Committee on Commerce and Consumer Protection, to which was referred H.B. No. 423 entitled:

 

"A BILL FOR AN ACT RELATING TO BUREAU OF CONVEYANCES,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to repeal the sunset date of Act 120, Session Laws of Hawaii 2009, which requires transactions regarding fee simple interests in time shares to be recorded in the Bureau of Conveyances and provides a mechanism for transferring the registration from the Land Court System to the Bureau of Conveyances.

 

     Your Committee received testimony in support of this measure from the Department of Land and Natural Resources; American Resort Development Association Hawaii; SVO Pacific, Inc.; Wyndham Vacation Ownership; and one individual.  Your Committee received comments on this measure from the Hawaii State Judiciary.

 

     Your Committee finds that Act 120, Session Laws of Hawaii 2009, deregistered fee simple time share transactions from the Land Court system and established a procedure to move these transactions to the regular system in the Bureau of Conveyances.

 

     Your Committee further finds that the number of owners of a fee simple time share range from hundreds to thousands, with each owner holding a percentage interest in the time share property.  The removal of fee simple time share transactions from the Land Court has eliminated the need to issue a certificate of title for each fee simple time share unit for each owner, has significantly streamlined the registration process for fee simple time share interests, and has eased the backlog of recordings at the Land Court.  Repealing the applicable sunset provision of Act 120, Session Laws of Hawaii 2009, as provided by this measure, will therefore permanently establish the streamlined process and ease the backlog of registering fee simple time share interests in the Land Court system.

 

     As affirmed by the record of votes of the members of your Committee on Commerce and Consumer Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 423, and recommends that it pass Second Reading and be referred to the Committee on Judiciary and Labor.

 

Respectfully submitted on behalf of the members of the Committee on Commerce and Consumer Protection,

 

		____________________________ ROSALYN H. BAKER, Chair