Hawaii SB2764 amends condominium payment allocation rules to clarify application to unpaid judgments.

Hawaii SB2764 amends Section 514B-105 of the Hawaii Revised Statutes to clarify how payments made by condominium unit owners are applied. Payments must first cover outstanding common expenses, then other charges owed to the association, and finally unpaid judgment interest, judgment principal, and related costs. This change ensures that condominium associations can enforce money judgments against unit owners. The bill does not affect pre-existing rights, penalties, or proceedings.

Hawaii SB2764 amends condominium payment allocation rules to clarify application to unpaid judgments.

Hawaii SB2764 amends Section 514B-105 of the Hawaii Revised Statutes to clarify how payments made by condominium unit owners are applied. Payments must first cover outstanding common expenses, then other charges owed to the association, and finally unpaid judgment interest, judgment principal, and related costs. This change ensures that condominium associations can enforce money judgments against unit owners. The bill does not affect pre-existing rights, penalties, or proceedings.