HI HB1233 | 2022 | Regular Session
Note: Carry Over of previous HB1233
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 27 2021 - 25% progression, died in committee
Action: 2021-12-10 - Carried over to 2022 Regular Session.
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 27 2021 - 25% progression, died in committee
Action: 2021-12-10 - Carried over to 2022 Regular Session.
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Transitions from lump sum deferred deposit transactions to installment-based short-term loans. Specifies various consumer protection requirements for short-term loans, including interest and fee caps, allowable outstanding loans, a cooling-off period, and the right to rescind. Beginning 1/1/2022, requires persons operating as short-term loan companies to be licensed. Specifies licensing requirements for short-term loan companies.
Title
Relating To Loans.
Sponsors
| Rep. Patrick Branco [D] | Rep. Aaron Johanson [D] | Rep. Scot Matayoshi [D] | Rep. Daynette Morikawa [D] |
| Rep. David Tarnas [D] | Rep. Adrian Tam [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-12-10 | Carried over to 2022 Regular Session. | |
| 2021-02-01 | House | Referred to CPC, FIN, referral sheet 3 |
| 2021-01-27 | House | Introduced and Pass First Reading. |
| 2021-01-26 | House | Pending introduction. |
Same As/Similar To
HB1233 (Carry Over) 2021-02-01 - Referred to CPC, FIN, referral sheet 3
Subjects
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=1233&year=2022 |
| Text | https://www.capitol.hawaii.gov/session2022/bills/HB1233_.HTM |
