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| 1 | - | THE SENATE S.B. NO. 395 THIRTY-SECOND LEGISLATURE, 2023 S.D. 1 STATE OF HAWAII | |
| 1 | + | THE SENATE S.B. NO. 395 THIRTY-SECOND LEGISLATURE, 2023 S.D. 1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO REAL PROPERTY TRANSACTIONS. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: | |
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| 3 | 3 | THE SENATE S.B. NO. 395 | |
| 4 | 4 | THIRTY-SECOND LEGISLATURE, 2023 S.D. 1 | |
| 5 | - | STATE OF HAWAII | |
| 5 | + | STATE OF HAWAII | |
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| 7 | 7 | THE SENATE | |
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| 9 | 9 | S.B. NO. | |
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| 11 | 11 | 395 | |
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| 13 | 13 | THIRTY-SECOND LEGISLATURE, 2023 | |
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| 15 | 15 | S.D. 1 | |
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| 17 | 17 | STATE OF HAWAII | |
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| 31 | 31 | A BILL FOR AN ACT | |
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| 37 | 37 | RELATING TO REAL PROPERTY TRANSACTIONS. | |
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| 43 | 43 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: | |
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| 47 | - | SECTION 1. Chapter 508D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows: "§508D- | |
| 47 | + | SECTION 1. Chapter 508D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows: "§508D- United States Postal Service delivery; disclosure required. The inability of the United States Postal Service to deliver mail or packages to the residential real property that is being offered for sale shall be considered a material fact that shall be contained in a disclosure statement." SECTION 2. Section 508D-1, Hawaii Revised Statutes, is amended by amending the definition of "disclosure statement" to read as follows: ""Disclosure statement" means a written statement prepared by the seller, or at the seller's direction, that purports to fully and accurately disclose all material facts relating to the residential real property being offered for sale that: (1) Are within the knowledge or control of the seller; (2) Can be observed from visible, accessible areas; or (3) Are required to be disclosed under sections 508D-4.5 [and], 508D-15[.], and 508D- ." SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored. SECTION 4. This Act shall take effect on July 1, 2050. | |
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| 49 | 49 | SECTION 1. Chapter 508D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows: | |
| 50 | 50 | ||
| 51 | 51 | "§508D- United States Postal Service delivery; disclosure required. The inability of the United States Postal Service to deliver mail or packages to the residential real property that is being offered for sale shall be considered a material fact that shall be contained in a disclosure statement." | |
| 52 | 52 | ||
| 53 | 53 | SECTION 2. Section 508D-1, Hawaii Revised Statutes, is amended by amending the definition of "disclosure statement" to read as follows: | |
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| 55 | 55 | ""Disclosure statement" means a written statement prepared by the seller, or at the seller's direction, that purports to fully and accurately disclose all material facts relating to the residential real property being offered for sale that: | |
| 56 | 56 | ||
| 57 | 57 | (1) Are within the knowledge or control of the seller; | |
| 58 | 58 | ||
| 59 | 59 | (2) Can be observed from visible, accessible areas; or | |
| 60 | 60 | ||
| 61 | 61 | (3) Are required to be disclosed under sections 508D-4.5 [and], 508D-15[.], and 508D- ." | |
| 62 | 62 | ||
| 63 | 63 | SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored. | |
| 64 | 64 | ||
| 65 | - | SECTION 4. This Act shall take effect on | |
| 65 | + | SECTION 4. This Act shall take effect on July 1, 2050. | |
| 66 | 66 | ||
| 67 | - | Report Title: Residential Real Property; Mandatory Disclosure; United States Postal Service Delivery Description: Requires a seller or its agent in a residential real property transaction to disclose | |
| 67 | + | Report Title: Residential Real Property; Mandatory Disclosure; United States Postal Service Delivery Description: Requires a seller or its agent in a residential real property transaction to disclose that the United States Postal Service cannot deliver mail or packages to the residential real property being offered for sale. Effective 7/1/2050. (SD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent. | |
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| 73 | 73 | Report Title: | |
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| 75 | 75 | Residential Real Property; Mandatory Disclosure; United States Postal Service Delivery | |
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| 77 | 77 | ||
| 78 | 78 | ||
| 79 | 79 | Description: | |
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| 81 | - | Requires a seller or its agent in a residential real property transaction to disclose | |
| 81 | + | Requires a seller or its agent in a residential real property transaction to disclose that the United States Postal Service cannot deliver mail or packages to the residential real property being offered for sale. Effective 7/1/2050. (SD1) | |
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| 89 | 89 | The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent. |