Bureau of Conveyance: Message from Nicki Thompson, Registrar
To our Partners in the Legal Community of Hawaii,
As you may be aware of by now, the Bureau of Conveyance (BOC) issued a public notice of fee waivers effective September 1, 2105. These efforts were coordinated with other industry partners to address the TILA-RESPA Integrated Disclosure (TRID) rules that will go into effect October 3, 2015. When these rules are enforced, errors in fee calculations could result in sizeable fines to settlement agents and mortgage lenders, not to mention the additional delays that could affect the consumer.
In an effort to simplify recording fees, the BOC has modified the additional page count calculation and TEMPORARILY waived the non-conforming document fee which include sheets larger the 8.5″ X 11″ and those printed double sided. As there is still significant work processing these non-conforming documents, we appreciate our industry partners to continue their past practice of modifying their documents (i.e. reducing page size or re-printing one sided) before submission. We also appreciate your understanding that the BOC reserves the right to rescind this waiver if we determine the level of additional work created by the non-conforming fee waiver is excessive.
Please feel free to contact Registrar Nicki Thompson, Deputy Registrar Leslie Kobata, or Branch Chiefs Carol Ching and Hannah Domingo (see Notice for contact information) for any questions regarding this fee waiver.