STAND. COM. REP. NO.834-02
RE: S.B. No. 2315
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Transportation, to which was referred S.B. No. 2315, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO MOTOR VEHICLE TRANSFERS,"
begs leave to report as follows:
The purpose of this measure is to require the seller (or transferor) of a motor vehicle to file an endorsed certificate of ownership with a county Director of Finance at the time of the transfer or sale of the motor vehicle.
Presently, the law requires the buyer (or transferee) of a motor vehicle to file an endorsed certificate of ownership with a county Director of Finance. This bill switches the burden of filing the endorsed certificate of ownership from the buyer to the seller of a motor vehicle.
The bill also requires a transferee of a motor vehicle in situations other than a voluntary sale or transfer (e.g. inheritance, devise, order in bankruptcy etc.) to file an endorsed certificate of ownership. Finally, the bill eliminates the requirement that a transferor of a motor vehicle give notice of the transfer to a county Director of Finance.
Your Committee has amended the bill by changing the recipient of the endorsed certificate of ownership from the Director of Finance to the Director of Commerce and Consumer Affairs. This change is made in order to allow further discussion on this matter.
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. 2315, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2315, S.D. 1, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Transportation,
JOSEPH M. SOUKI, Chair