SB2359 simplifies time share registration renewals and amendment approvals in Hawaii.

SB2359 modifies Hawaii's time share registration process by deeming applications for renewal and amendments to time share plans approved upon delivery, unless the director issues a deficiency letter within 45 days. The bill also reduces the required documentation for renewals and eliminates the need for financial statements and title insurance policies. Additionally, it mandates that developers submit title reports to protect purchasers' rights from blanket liens, with certain exceptions. The changes aim to streamline the registration process and reduce burdens on the time share industry.

SB2359 simplifies time share registration renewals and amendment approvals in Hawaii.

SB2359 modifies Hawaii's time share registration process by deeming applications for renewal and amendments to time share plans approved upon delivery, unless the director issues a deficiency letter within 45 days. The bill also reduces the required documentation for renewals and eliminates the need for financial statements and title insurance policies. Additionally, it mandates that developers submit title reports to protect purchasers' rights from blanket liens, with certain exceptions. The changes aim to streamline the registration process and reduce burdens on the time share industry.