STAND. COM. REP. NO.  814-14

 

Honolulu, Hawaii

                , 2014

 

RE:   H.B. No. 2002

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 2002 entitled:

 

"A BILL FOR AN ACT RELATING TO LAND COURT,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the use of a master certificate of title for common interest communities, which will permit certificates of title for individual units to incorporate by reference the encumbrances on the master certificate of title.

 

     The Department of Land and Natural Resources and one individual testified in support of the measure.

 

     Your Committee finds that under the current Land Court system, any amendment to the documents governing a condominium or planned community must be noted on the certificate of title for each unit.  Your Committee believes that this measure will simplify and streamline the operation of the Land Court by eliminating the need to change the certificate of title for each individual unit to reflect any changes in the encumbrances of general application to the condominium or planned community.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2002 and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair