STAND. COM. REP. NO.658
Honolulu, Hawaii
, 2001
RE: H.B. No. 531
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Judiciary and Hawaiian Affairs, to which was referred H.B. No. 531 entitled:
"A BILL FOR AN ACT RELATING TO NONCONSENSUAL COMMON LAW LIENS,"
begs leave to report as follows:
The purpose of this bill is to protect the general public from frivolous and invalid lien claims
Supportive testimony was submitted by the Department of the Attorney General, and the Department of Land and Natural Resources. The Hawaii Bankers Association opposed the measure as received, but offered amendments.
Invalid instruments that purport to affect the property interests of various people are instruments that have no basis in fact or in law and have a seriously disruptive effect on property interests and title. Invalid liens appearing on title searches and other disclosures are costly and time-consuming to expunge. When they appear, they obstruct a property owner's ability to transfer title or obtain title insurance and financing.
As affirmed by the record of votes of the members of your Committee on Judiciary and Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 531 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Judiciary and Hawaiian Affairs,
____________________________ ERIC G. HAMAKAWA, Chair |
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