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Hawaii Revised Statutes

Haw. Rev. Stat. § 467-24 (2026)

  Maximum liability

✓ current as of July 2026
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     §467-24  Maximum liability.  Notwithstanding any other provision, the liability of the real estate recovery fund shall not exceed $50,000 for any one licensee. [L 1967, c 187, pt of §1; HRS §467-24; am L 1977, c 197, §2; am L 1983, c 116, §7]

 

Case Notes

 

  Change in maximum liability of recovery fund did not apply to cases where cause of action accrued before change took effect.  64 H. 74, 636 P.2d 1344 (1981).

 

 

Notes of Decisions
Cited in 4 cases, 1981–1986 · leading case: Clark v. Cassidy, 636 P.2d 1344 (Haw. 1981).
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Clark v. Cassidy, 636 P.2d 1344 (Haw. 1981). · cites it 4× “The only issue that merits consideration in this appeal is whether the amendment of HRS § 467-24, 1 which increased the maximum liability of the Real Estate Recovery Fund for payments on behalf of any one licensee of the Real Estate Commission, enables claimants to recover up to…”
Educators Ventures, Inc. v. Bundy, 652 P.2d 637 (Haw. App. 1982). · cites it 7× “To limit the burden imposed on real estate brokers and salesmen, section 170-15 of the act (now HRS § 467-16) provided that an aggrieved person may recover “an amount of not more than ten thousand dollars for damages,” and section 170-23 (now HRS § 467-24) stated that the…”
Gakiya v. Hallmark Props., Inc., 722 P.2d 460 (Haw. 1986). · cites it 4× “Moreover, by capping individual recovery at $25,000 pursuant to HRS § 467-16 (1985) and maximum liability for any one licensee at $50,000 pursuant to HRS § 467-24 (1985), it is clear to us that the legislature did not intend for the Fund to compensate fully all claimants all of…”
Mabe v. Real Est. Comm'n, 670 P.2d 459 (Haw. App. 1983). · cites it 4× “misrepresentation. . .may recover. . .not more than $10,000 for damages sustained[.”
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