2020 Archives
You are viewing archived information from 2020
| Measure Title: |
RELATING TO CONSUMER PROTECTION.
|
| Report Title: |
Payday Lending; Small Dollar Loans; Small Dollar Lenders; Licensure; Requirements; Appropriation ($)
|
| Description: |
Transitions from lump sum deferred deposit transactions to installment-based small dollar loan transactions. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2020, 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.
|
| Companion: |
SB537
|
| Package: |
None
|
| Current Referral: |
CPC, FIN
|
| Introducer(s): |
TAKUMI, ICHIYAMA
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| Act: |
|
| Sort by Date | | Status Text |
| 12/1/2019 | D | Carried over to 2020 Regular Session. |
| 1/22/2019 | H | Referred to CPC, FIN, referral sheet 2 |
| 1/18/2019 | H | Introduced and Pass First Reading. |
| 1/17/2019 | H | Pending introduction. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB79
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