STAND. COM. REP. NO.  638-14

 

Honolulu, Hawaii

                , 2014

 

RE:   H.B. No. 2585

 

 

 

 

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. 2585 entitled:

 

"A BILL FOR AN ACT RELATING TO FORECLOSURES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to specify parties other than condominium unit owners who may be served notice by publication and posting of nonjudicial foreclosure.

 

     Your Committee received testimony in support of this measure from the Office of Consumer Protection of the Department of Commerce and Consumer Affairs, the Collection Law Section of the Hawaii State Bar Association, and the Community Association Institute.

 

     Your Committee finds that current law only allows condominium associations to serve owners notice of nonjudicial foreclosure by publication.  Allowing parties other than condominium unit owners to be served notice by publication and posting of nonjudicial foreclosure will provide condominium associations with an alternative process to enable them to remedy assessment delinquencies without having to resort to judicial foreclosure.

 

     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. 2585 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

 

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

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair