HAR §16-119.3-2. Unit sa1e and project registration

(a) The project registration requirements of parts IV and V, as well as other related registration parts of chapter 514B, HRS, apply to the sale of units in a project for the first time to the public. These requirements do not apply to resale of units in a project after sale of units for the first time to the public. Parts IV and V, as ~ell as other related registration parts of chapter 514B, HRS, apply to sales of units subsequent to a bulk sale, transfer, or conveyance to a co-developer (including a co-tenant) 119.3-2 3 6 2 6 §16-119.3-3 and to sale of units to the public following the dispositions of the units made pursuant to sections 514B-51(b) (1), 514B-51(b) (3), and 514B-81(b), HRS. (b) A project is deemed registered with the commission when the commission: (1) Determines that the developer has submitted all the documents and information concerning the project and the condominium property regime as required by sections 514B-54, 514B-83, and 514B-84, HRS, as applicable, and as otherwise required by the commission; and (2) Issues an effective date for the developer's public report. The commission may consult with private consultants pursuant to section 514B-64, HRS, in making the required determinations. [Eff MAR 2 6 2026 ] (Auth: HRS §514B-61) (Imp: part IV and part V of chapter 514B, HRS) §16-119.3-3 Effective dates; deve1oper's pub1ic reports; owner bui1der exemption. The commission shall not issue an effective date for those units included in the project registration application that are subject to the provisions of the owner builder exemption of chapter 444, HRS, except the commission may issue an effective date for any units included in the developer's public report because of an eligible unforeseen hardship as determined by the contractor's license board pursuant to section 444-2.5, HRS. Upon the expiration of the owner builder one-year moratorium and prior to offering any units for sale that were the subject of an owner builder exemption, the developer shall amend the developer's public report and obtain an effective date for an amendment ol,1A~n2-wn21f2ied developer's public report. [Eff ] (Auth: HRS §514B-61) (Imp: HRS §§514B-51, 514B-54, 514B-56, 514B-57, 514B-58, 514B-59) 119.3-3 3 6 2 6 'V