HI Commissioner of Deeds Program Passes Legislature

2013-10-11

Issue Brief

HB 424, relating to timeshare conveyances, would establish a Commissioner of Deeds program to authenticate timeshare purchase agreements signed abroad. Hawaii law allowed for authentication of real estate documents by a Hawaii State Commissioner of Deeds from 1915 to 1989. The law was repealed because the state had not ever appointed a Commissioner of Deeds. This bill would re-establish that program to allow for the sale of timeshare units located within Hawaii to take place in international waters and in foreign countries without having to secure approval of a U.S. State Department Consular officer or an apostille, which is a cumbersome and time consuming process. This bill would allow the Governor to appoint Commissioners of Deeds to authenticate timeshare purchase agreements signed abroad. The Lieutenant Governor would be responsible for the reporting requirements and for holding the bonds provided by each Commissioner.  

Position/Call to Action

HB 424 is supported by ARDA and ARDA-Hawaii.

Resolution

The bill became law on July 9, 2013.