STAND. COM. REP. NO.  841

 

Honolulu, Hawaii

                , 2007

 

RE:   H.B. No. 1389

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred H.B. No. 1389 entitled:

 

"A BILL FOR AN ACT RELATING TO TIME SHARES IN LAND COURT,"

 

beg leave to report as follows:

 

     The purpose of this bill is to streamline the registration process for fee simple time shares by removing these interests from the land court system.

 

     The Department of Land and Natural Resources, Wyndham Worldwide, Pahio Development, Inc., Hawaii Land Title Association, ARDA-Hawaii, and Starwood Vacation Ownership testified in support of this bill.  Title Guaranty of Hawaii, Inc., supported the intent of this measure.  Several concerned individuals opposed this bill.  The Judiciary submitted comments.

 

     Your Committees find that the number of owners for a fee simple time share can range from hundreds to thousands, each of whom is issued a certificate of title under the land court system.  This bill seeks to streamline time share registrations by eliminating the requirement that a certificate of title be issued to each time share unit owner.

 

     As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1389 and recommend that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,

 

 

____________________________

TOMMY WATERS, Chair

 

____________________________

ROBERT N. HERKES, Chair