Hawaii HB1946 revises time share registration processes to streamline renewals and amendments.

Hawaii HB1946 amends the registration requirements for time shares, aiming to reduce delays in the approval process. The bill specifies that applications for renewal of developer registrations are automatically approved upon submission. It also mandates that amendments to time share plans are approved by operation of law 45 days after submission, unless the director issues a deficiency letter. The bill exempts certain documents from renewal applications, such as financial statements and title insurance policies.

Hawaii HB1946 revises time share registration processes to streamline renewals and amendments.

Hawaii HB1946 amends the registration requirements for time shares, aiming to reduce delays in the approval process. The bill specifies that applications for renewal of developer registrations are automatically approved upon submission. It also mandates that amendments to time share plans are approved by operation of law 45 days after submission, unless the director issues a deficiency letter. The bill exempts certain documents from renewal applications, such as financial statements and title insurance policies.