Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 106 - TIME SHARING
Subchapter 2 - REGISTRATION REQUIREMENTS
Section 16-106-4.4 - Resale agent disclosure requirement
Current through February, 2024
The resale agent shall give prospective purchasers of a resale time share interest a copy of the time share plan's latest disclosure statement on file with the director. If the resale agent is not the party who filed the most recent disclosure statement, the resale agent shall attach to the disclosure statement the following statement: "This is the most recent disclosure statement filed by the developer of this time share plan or by the developer's agent. It is not a disclosure statement filed by the resale agent."
(1) Notice of any liens, title defects, or encumbrances on or affecting the resale time share interest being sold;
(2) Any restraints in the transfer of the purchaser's resale time share interest in the time share plan;
(3) The dues, maintenance fees, and real property taxes for the current year, and any additional charges or periodic expenses to which the purchaser may be subject;
(4) Notice of any pending or anticipated suits that are material to the resale time share interest or time share plan; and
(5) Any other information required to be disclosed by real estate licensees pursuant to chapter 467, HRS, and chapter 99, Hawaii Administrative Rules.
