STAND. COM. REP. NO. 2853

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1579

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Madam:

 

     Your Committee on Commerce and Consumer Protection, to which was referred H.B. No. 1579 entitled:

 

"A BILL FOR AN ACT RELATING TO JUDGMENT LIENS,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to clarify that money judgments, orders, and decrees are valid liens against all real property, including registered property, when properly recorded in the Bureau of Conveyances.

 

     Your Committee received testimony in support of this measure from the Collection Law Section of the Hawaii State Bar Association, Hawaii Council of Associations of Apartment Owners, Community Association Institute, and two individuals.

 

     Your Committee finds that the current process for a judgment creditor to encumber the property of a judgment debtor that has been registered with the Land Court is complex and burdensome. 

This measure simplifies the process for judgment creditors to attach money judgment liens to registered property without having to amend the judgment or attach a flysheet when presenting the judgment to the Assistant Registrar of the Land Court.  This streamlined process will therefore reduce confusion and save time and money for attorneys, individuals, and businesses.

 

     As affirmed by the record of votes of the members of your Committee on Commerce and Consumer Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1579, and recommends that it pass Second Reading and be referred to the Committee on Judiciary and Labor.

 

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

 

 

 

____________________________

ROSALYN H. BAKER, Chair