Bill Text: HI HB2409 | 2012 | Regular Session | Amended

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Bill Title: Consumer Protection; Lending Practices; Military Sentinel Network

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Passed) 2012-07-10 - (S) Act 249, 7/6/2012 (Gov. Msg. No. 1352). [HB2409 Detail]

Download: Hawaii-2012-HB2409-Amended.html

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STAND. COM. REP. NO. 3163

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2409

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Commerce and Consumer Protection, to which was referred H.B. No. 2409, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CONSUMER PROTECTION,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to authorize the Director of Commerce and Consumer Affairs to enforce certain federal laws that protect military members and their families from abusive lending practices.

 

     Your Committee received testimony in support of this measure from the Office of Consumer Protection and the United States Department of Defense State Liaison Office.

 

     Your Committee finds that members of the armed forces may be particularly vulnerable to abusive lending practices.  The United States Department of Defense has requested assistance from states to enforce certain consumer protection regulations for service members and their dependents.

 

     Although Hawaii's payday lending law, codified as chapter 480F, Hawaii Revised Statutes, affords significant protections to consumers, certain federal laws and regulations offer protections specific to service members and their families that are not found in chapter 480F.  This measure provides the Office of Consumer Protection with the authority to enforce these additional federal consumer protections and to enter into an agreement to access the Military Sentinel Network, a useful database maintained by the Federal Trade Commission.

 

     As affirmed by the record of votes of the members of your Committee on Commerce and Consumer Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2409, S.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Commerce and Consumer Protection,

 

		____________________________ ROSALYN H. BAKER, Chair