In our ongoing commitment to keeping timeshare owners in Hawaii up to date on issues and legislation affecting them and the timeshare industry as a whole, Advantage Vacation would like to share the news that Hawaii Senate bill SB2632 passed out of the Senate last week.
The bill was introduced into the Hawaii legislature by Senator Baker and is supported by ARDA-Hawaii and ARDA-ROC. After passing out of the Senate, the bill passed thru its first committee, Tourism and International Affairs in the House of Representatives on Monday, March 12.
The bill was written to expedite the process of moving all timeshare interest into public records by automatically deregistering those that currently reside in Land Court.
The bill, SB 2632 would benefit timeshare owners by reducing the time and costs associated with not only the deregistration process, but also any future transfer of the interest, either from the purchase of a timeshare interest from a developer or a purchase of a timeshare on the resale market.
There is also an administrative benefit to this bill by making it easier for owners to transfer or sell their timeshare faster and with less paperwork.
Both ARDA-Hawaii and ARDA-ROC are actively supporting this bill as it benefits both the industry and the local timeshare owners in Hawaii.
The bill, SB 2632 will now move to the Water, Land and Ocean Resource Committee for consideration. The Bill has no House companion at this time.
If you own a timeshare in the state of Hawaii or at Marriott Maui Ocean Club or Westin Kaanapali Ocean Resort Villas North on Maui, this is an important piece of legislation for you to be aware of. Advantage Vacation will continue to cover this bill and keep you up to date as it progresses thru the Water, Land and Ocean Resource Committee of the Senate.
Advantage Vacation recommends that consumers interested in purchasing or selling a timeshare in Hawaii always use a licensed broker and a third party escrow company licensed in Hawaii in order to ensure that all the rules and regulations that pertain to timeshare or real estate purchases or sales are followed.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare re sales market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We are leaders in the timeshare resale secondary market, have been in the timeshare industry for over 30 years and are Accredited Members of the BBB with an A+ Rating.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation for the latest news and reviews. If our site does not answer your question or questions, please email us your question and we will answer it and add it to our library. Make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare re sales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
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