There is a hearing on Wednesday, February 15, 2006 at 9:00 a.m. in room 016 on a bill of interest to community associations before the Senate Commerce, Consumer Protection and Housing Committee before Chair Senator Ron Menor. The hearing notice discusses the following bill of interest to community associations:

SB 2500 would require title insurers to:

  • notify homeowner associations of any closing of sales of real property in homeowner associations and provide the homeowner’s association with the name and address of the new property owner along with the address of the real property;
  • collect the transfer fee and remit it to the association; and
  • provide the association with a copy of the conveyance document.

The bill refers to “homeowner association” but the term is not defined. It may be more appropriate to referred to “planned community associations under Chapter 421J”. In addition, the bill does not refer to payment of the planned community association’s common assessments, just the transfer fee.

Persons wishing to testify should submit 25 copies of their testimony to the committee clerk, Room 219, State Capitol, 24 hours prior to the hearing. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.