Hawaii Revised Statutes 514B-60 – No false or misleading information
Terms Used In Hawaii Revised Statutes 514B-60
- Commission: means the real estate commission of the State. See Hawaii Revised Statutes 514B-3
- Developer: means a person who undertakes to develop a real estate condominium project, including a person who succeeds to the interest of the developer by acquiring a controlling interest in the developer or in the project. See Hawaii Revised Statutes 514B-3
- Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
- Person: means an individual, firm, corporation, partnership, association, trust, or other legal entity, or any combination thereof. See Hawaii Revised Statutes 514B-3
- Pertinent change: means , as determined by the commission, a change not previously disclosed in the most recent public report that renders the information contained in the public report or in any disclosure statement inaccurate, including, but not limited to:
(1) The size, construction materials, location, or permitted use of a unit or its appurtenant limited common element;
(2) The size, use, location, or construction materials of the common elements of the project; or
(3) The common interest appurtenant to the unit. See Hawaii Revised Statutes 514B-3
- Project: means a real estate condominium project; a plan or project whereby a condominium of two or more units located within the condominium property regime are created. See Hawaii Revised Statutes 514B-3
- Testify: Answer questions in court.
It shall be unlawful for any person or person’s agent to testify falsely or make a material misstatement of fact before the commission or to file with the commission any document required by this chapter that is false, contains a material misstatement of fact, or that contains forgery. All documents shall be true, complete, and accurate in all respects, including the developer‘s public report, prepared by or for the developer and submitted to the commission in connection with the developer’s registration of the project, and all information contained in the documents, and shall not contain any misleading information, or omit any pertinent change in the information or documents submitted to the commission.