2020 Archives
You are viewing archived information from 2020
SB2587 SD1 HD1    Pdf File  
Measure Title: RELATING TO CONSUMER PROTECTION.
Report Title: DCCA; Payday Lending; Small Dollar Loans; Small Dollar Lenders; Licensure; Requirements; Appropriation; Check Cashers; Registration; Voluntary Payment Plans; Notices ($)
Description: 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)
Companion:  HB1883
Package: None
Current Referral: IAC, CPC, FIN
Introducer(s): BAKER, K. RHOADS, Nishihara, Ruderman
Act:

Sort by Date Status Text
3/16/2020HThis measure has been deleted from the meeting scheduled on Tuesday 03-17-20 2:00PM in conference room 329.
3/13/2020HBill scheduled to be heard by CPC on Tuesday, 03-17-20 2:00PM in House conference room 329.
3/13/2020HPassed 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).
3/13/2020HReported from IAC (Stand. Com. Rep. No. 1089-20) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
3/12/2020HThe 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.
3/9/2020HBill scheduled to be heard by IAC on Thursday, 03-12-20 9:30AM in House conference room 430.
3/9/2020HReferred to IAC, CPC, FIN, referral sheet 36
3/5/2020HPass First Reading
3/3/2020HReceived from Senate (Sen. Com. No. 289) in amended form (SD 1).
3/3/2020SReport adopted; Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2/28/2020S48 Hrs. Notice 03-03-20.
2/28/2020SReported from WAM (Stand. Com. Rep. No. 3300) with recommendation of passage on Third Reading, as amended (SD 1).
2/20/2020SThe 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.
2/18/2020SThe committee(s) on WAM will hold a public decision making on 02-20-20 1:00PM in conference room 211.
2/13/2020SReport adopted; Passed Second Reading and referred to WAM.
2/13/2020SReported from CPH (Stand. Com. Rep. No. 2608) with recommendation of passage on Second Reading and referral to WAM.
2/6/2020SThe 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.
1/30/2020SThe committee(s) on CPH has scheduled a public hearing on 02-06-20 9:30AM in conference room 229.
1/23/2020SReferred to CPH, WAM.
1/21/2020SPassed First Reading.
1/17/2020SIntroduced.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

Some of the above items require Adobe Acrobat Reader. Please visit Adobe's download page for detailed instructions.


SB2587 SD1 HD1
All Versions of this Measure
SB2587_HD1 Pdf File
SB2587_SD1 Pdf File
SB2587 Pdf File

Committee Reports
SB2587_SSCR2608_ Pdf File
SB2587_SD1_SSCR3300_ Pdf File
SB2587_HD1_HSCR1089-20_ Pdf File

Testimony
SB2587_TESTIMONY_CPH_02-06-20_
SB2587_TESTIMONY_WAM_02-20-20_
SB2587_SD1_TESTIMONY_IAC_03-12-20_

Hearing Notices
CPH
2/06/20 9:30A
229
WAM
2/20/20 1:00P
211
IAC
3/12/20 9:30A
430