Clark v. Cassidy

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 the new limit in a situation where the judgment against the licensees preceded the effective date of the amendment. We conclude that recovery from the fund in this instance is subject to the pre-amendment limit.

I

The Real Estate Recovery Fund (hereafter the Fund) was established by law in 1967 “to furnish financial…