Hawaii Senate Land Court Bill Passes Senate and Moves to House
After passing out of the Senate last week, SB 2632 passed out of its first committee stop in the House of Representatives (Tourism and International Affairs) on March 12. The bill was introduced into the Hawaii legislature by Senator Baker and is supported by ARDA-Hawaii and ARDA-ROC. The bill expedites the process of moving all timeshare interests into public records by automatically deregistering those that currently reside in Land Court.
would benefit timeshare owners by reducing the time and costs associated with not only the deregistration process, but also any future transfer of the interest, either from the purchase of a timeshare interest from a developer or a purchase of a timeshare on the resale market. There is also an administrative benefit to this bill by making it easier for owners to transfer or sell their timeshare faster and with less paperwork.
Position/Call to ActionBoth ARDA-Hawaii and ARDA-ROC are actively supporting this bill as it benefits both the industry and the local timeshare owners.
SB 2632 will now move to the Water, Land and Ocean Resource Committee for consideration. To follow the bill’s history and to track the bill as it moves through the House click here. SB 2632 has no House companion.