HAR §16-119.5-8
HAR §16-119.5-8. Failure to comply
Cite as Haw. Code R. § 16-119.5-8
(a)
Should a
developer fail to comply with the requirements of
section 514B-95.5, HRS, or this section, the developer
shall immediately cease any sales offering, unless
otherwise approved by the commission, and:
(1)
Refund all monetary deposits to persons on
the reservation list;
(2)
Cancel all executed affidavits;
(3)
Cancel all executed sales contracts; and
(4)
Republish the owner-occupant announcement in
accordance with section 514B-95.5, HRS.
(b)
Subsection (a) applies to a developer exempt
from but who elects to comply with and fails to comply
with the Rrovisions of part V(B) of chapter 514B, HRS.
[Eff MAR 26 2026
]
(Auth:
HRS §514B-61)
(Imp:
HRS §514B-95.5)