Hawaii Senate Bill 1367

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 4 2025 - 50% progression
Action: 2025-03-04 - Received from Senate (Sen. Com. No. 314) in amended form (SD 1).
Text: Latest bill text (Amended) [HTML]

Clarifies the intended scope of chapter 480J, HRS, regulating installment lenders, and clarifies that the law does not intend to eliminate the ability of lenders to make low-interest rate loans under existing interest and usury laws. Replaces the term "consumer loan" with the defined term "installment loan" for consistency throughout the statutes. Requires loan maintenance fees to be prorated daily to prevent consumers from incurring fees once the loan is paid off. Allows lenders to charge a convenience fee of up to $5 for debit card payments, providing consumers more options for repayment. Streamlines the loan repayment process by requiring paper receipts only for in-person or cash payments and increases consumer privacy by removing consumer names from receipts. Repeals the requirement for lenders to wait three days after a consumer fully repays a loan before issuing a new installment loan. Effective 7/1/2050. (SD1)

Relating To Installment Loans.

Sen. Ronald Kouchi [D]

2025-02-14 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2025-03-04	House	Received from Senate (Sen. Com. No. 314) in amended form (SD 1).
2025-03-04	Senate	Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2025-02-27	Senate	48 Hrs. Notice 03-04-25.
2025-02-27	Senate	Report adopted; Passed Second Reading, as amended (SD 1).
2025-02-27	Senate	Reported from CPN (Stand. Com. Rep. No. 794) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2025-02-14	Senate	The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2025-02-10	Senate	The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.
2025-01-27	Senate	Referred to CPN.
2025-01-23	Senate	Introduced and passed First Reading.
2025-01-21	Senate	Pending Introduction.

HB1048 (Same As) 2025-02-11 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1367&year=2025
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/SB1367_.HTM
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/SB1367_SD1_.HTM
Supplement	https://www.capitol.hawaii.gov/sessions/session2025/Testimony/SB1367_TESTIMONY_CPN_02-14-25_.PDF
Supplement	https://www.capitol.hawaii.gov/sessions/session2025/CommReports/SB1367_SD1_SSCR794_.pdf
Roll Call	https://data.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1367&year=2025