Hawaii Senate Bill 2587 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Engrossed on March 3 2020 - 50% progression, died in committee
Action: 2020-03-16 - This measure has been deleted from the meeting scheduled on Tuesday 03-17-20 2:00PM in conference room 329.
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Amended) [HTML]

Establishes regulatory framework for small dollar lenders in article 9 of chapter 412, HRS. 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 2.0 FTE examiner positions, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program. Requires check cashers to be registered with DCCA and to offer a voluntary payment plan to customers under certain circumstances. Establishes the terms of voluntary payment plans. Clarifies that a customer may only have one outstanding deferred deposit transaction from any source. Amends notices to customers required of check cashers. Removes the exemption for persons engaged in the bona fide retail sale of goods or services. Requires the Auditor to conduct an analysis of the regulation of payday lenders and deferred deposit agreements in the State. Effective 7/1/2050. (HD1)

Relating To Consumer Protection.

Sen. Rosalyn Baker [D]

Sen. Karl Rhoads [D]

Sen. Clarence Nishihara [D]

Sen. Russell Ruderman [D]

2020-03-12 - House - House Intrastate Commerce: Passed, With Amendments (Y: 5 N: 0 NV: 0 Abs: 2) [PASS]
2020-02-20 - Senate - Senate Ways and Means: Passed, With Amendments (Y: 9 N: 0 NV: 0 Abs: 4) [PASS]
2020-02-06 - Senate - Senate Commerce, Consumer Protection, and Health: Passed, Unamended (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-03-16	House	This measure has been deleted from the meeting scheduled on Tuesday 03-17-20 2:00PM in conference room 329.
2020-03-13	House	Bill scheduled to be heard by CPC on Tuesday, 03-17-20 2:00PM in House conference room 329.
2020-03-13	House	Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Gates, McDermott, Thielen excused (3).
2020-03-13	House	Reported from IAC (Stand. Com. Rep. No. 1089-20) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
2020-03-12	House	The committees on IAC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Ohno, D. Kobayashi, Kong, Nishimoto, Takayama; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Gates, McDermott.
2020-03-09	House	Bill scheduled to be heard by IAC on Thursday, 03-12-20 9:30AM in House conference room 430.
2020-03-09	House	Referred to IAC, CPC, FIN, referral sheet 36
2020-03-05	House	Pass First Reading
2020-03-03	House	Received from Senate (Sen. Com. No. 289) in amended form (SD 1).
2020-03-03	Senate	Report adopted; Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2020-02-28	Senate	48 Hrs. Notice 03-03-20.
2020-02-28	Senate	Reported from WAM (Stand. Com. Rep. No. 3300) with recommendation of passage on Third Reading, as amended (SD 1).
2020-02-20	Senate	The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 9 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Harimoto, Kanuha, Kidani, Moriwaki, Riviere, Shimabukuro, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 4 Excused: Senator(s) English, Inouye, K. Kahele, Taniguchi.
2020-02-18	Senate	The committee(s) on WAM will hold a public decision making on 02-20-20 1:00PM in conference room 211.
2020-02-13	Senate	Report adopted; Passed Second Reading and referred to WAM.
2020-02-13	Senate	Reported from CPH (Stand. Com. Rep. No. 2608) with recommendation of passage on Second Reading and referral to WAM.
2020-02-06	Senate	The committee(s) on CPH recommend(s) that the measure be PASSED, UNAMENDED. The votes in CPH were as follows: 7 Aye(s): Senator(s) Baker, S. Chang, Nishihara, Ruderman, L. Thielen, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2020-01-30	Senate	The committee(s) on CPH has scheduled a public hearing on 02-06-20 9:30AM in conference room 229.
2020-01-23	Senate	Referred to CPH, WAM.
2020-01-21	Senate	Passed First Reading.
2020-01-17	Senate	Introduced.

HB1883 (Same As) 2020-01-23 - Referred to IAC, CPC, FIN, referral sheet 3

Type	Source
Summary	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2587&year=2020
Text	https://www.capitol.hawaii.gov/session2020/bills/SB2587_.HTM
Text	https://www.capitol.hawaii.gov/session2020/bills/SB2587_SD1_.HTM
Text	https://www.capitol.hawaii.gov/session2020/bills/SB2587_HD1_.HTM
Roll Call	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2587&year=2020