Measure Title: RELATING TO INSTALLMENT LOANS.
Report Title: Department of Commerce and Consumer Affairs; Division of Financial Institutions; Installment Lender; Lender
Description: Replaces the term "consumer loan" with the defined term "installment loan" for consistency throughout the installment loan chapter. Clarifies who is subject to the installment loan chapter. Requires loan maintenance fees to be prorated daily. Allows lenders to charge a convenience fee of up to $5 for debit card payments. Requires paper receipts only for in-person or cash payments and removes 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. Sunsets 6/30/2028. Effective 7/1/3000. (HD1)
Companion:  SB1367
Package: Governor
Current Referral: CPC, FIN
Introducer(s): NAKAMURA (Introduced by request of another party)
Act:

Sort by DateChamberStatus Text
2/11/2025HPassed 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).
2/11/2025HReported from CPC (Stand. Com. Rep. No. 426) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/4/2025HThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kong, Lowen.
1/31/2025HBill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
1/23/2025HReferred to CPC, FIN, referral sheet 3
1/23/2025HIntroduced and Pass First Reading.
1/21/2025HPending introduction.

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

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HB1048 HD1

All Versions of this Measure

HB1048_HD1 Link to HB1048_HD1 .PDF file
HB1048 Link to HB1048 .PDF file

Committee Reports

HB1048_HD1_HSCR426_ Link to committee report HB1048_HD1_HSCR426_ .PDF file

Testimony

HB1048_TESTIMONY_CPC_02-04-25_

Hearing Notices

CPC
2/04/25 2:00P
329 VIA VIDEOCONFERENCE