SB 2765: CONDOMINIUMS; ASSOCIATIONS; RENTAL INCOME; FORECLOSURES; THIRD‑PARTY COMMISSIONERS
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-02-18
Current Status:
In Progress
(2026-03-17: The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Lowen.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Clarifies that condominium associations that have obtained title to a unit through foreclosure may retain rental income received prior to the appointment of a commissioner in a subsequent foreclosure; provided that the association may be required by a court to remit rental income received after the appointment of a commissioner to be held until an order of distribution is entered by the court. Effective 7/1/2050. (SD1)
Discussed in Hearing
51SECSenate Standing Committee on Judiciary
8MINSenate Standing Committee on Commerce and Consumer Protection
1MIN