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Bill > SB1018


HI SB1018

Relating To Real Estate Transactions.


summary

Introduced
01/17/2025
In Committee
01/23/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Requires a seller of real property adjacent to the shoreline, and the seller's agent, to disclose and include in all advertisements shoreline erosion certain issues related to the parcel.

AI Summary

This bill amends Hawaii Revised Statutes Section 508D-15 to enhance disclosure requirements for real estate transactions involving properties adjacent to the shoreline. Specifically, the bill now requires both the seller and the seller's agent to disclose and include in all property advertisements comprehensive information about erosion-related issues, including all permitted and unpermitted erosion control structures on the parcel, the expiration dates of any permitted structures, any notices of alleged violation associated with the property, and any fines related to expired permits or unpermitted structures. The purpose of this legislation is to provide potential buyers with complete and accurate information about shoreline erosion risks and existing erosion control measures, ensuring greater transparency in real estate transactions near Hawaii's coastline. The bill will take effect upon approval and does not impact any rights, penalties, or proceedings that occurred before its effective date.

Committee Categories

Agriculture and Natural Resources

Sponsors (4)

Last Action

The committee on WTL deferred the measure. (on 02/05/2025)

bill text


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