STAND. COM. REP. NO.936

Honolulu, Hawaii

, 2001

RE: S.B. No. 1397

S.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Transportation, to which was referred S.B. No. 1397, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO MOTOR VEHICLES,"

begs leave to report as follows:

The purpose of this bill is to increase the time period for recording a transfer of ownership for a vehicle with an out-of-state lienholder.

The City and County of Honolulu and the Hawaii Automobile Dealers' Association testified in favor of this measure.

Your Committee understands that out-of-state lienholders have little incentive to quickly deliver the endorsed certificate of title after receiving full payment on the loan. This bill will aid automobile dealers in particular and help them avoid the $50 fine for late title transfers.

As affirmed by the record of votes of the members of your Committee on Transportation that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1397, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection and Commerce.

 

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

____________________________

JOSEPH M. SOUKI, Chair