HI HB29 | 2021 | Regular Session
Note: Carry Foward to future HB29
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2021 - 25% progression, died in committee
Action: 2021-01-27 - Referred to CPC, FIN, referral sheet 1
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2021 - 25% progression, died in committee
Action: 2021-01-27 - Referred to CPC, FIN, referral sheet 1
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Transitions from lump sum deferred deposit transactions to installment-based small dollar loan transactions. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2022, requires licensure for small dollar lenders that offer small dollar loans to consumers. Specifies licensing requirements for small dollar lenders. Authorizes the division of financial institutions to appoint 1.0 FTE examiner position, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program.
Title
Relating To Payday Lending.
Sponsors
| Rep. Roy Takumi [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-27 | House | Referred to CPC, FIN, referral sheet 1 |
| 2021-01-21 | House | Introduced and Pass First Reading. |
| 2021-01-20 | House | Pending introduction. |
Same As/Similar To
HB29 (Carry Over) 2021-01-27 - Referred to CPC, FIN, referral sheet 1
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=29&year=2021 |
| Text | https://www.capitol.hawaii.gov/session2021/bills/HB29_.HTM |
