Bill > SB2765

This bill clarifies that condominium associations that have acquired ownership of a unit through foreclosure can keep any rental income earned from that unit before a court appoints a commissioner in a later foreclosure proceeding on that same unit. However, if a court later appoints a commissioner for a subsequent foreclosure, the association might be required to give the rental income collected after that appointment to the commissioner, who will hold it until the court decides how it should be distributed. This change aims to address financial burdens on condominium associations and their members who consistently pay their dues, especially when dealing with delinquent assessments and lengthy foreclosure processes.

Business and Industry, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2765&year=2026