HI SB2664 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 19 2024 - 25% progression
Action: 2024-02-14 - The committee on CPN deferred the measure.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 19 2024 - 25% progression
Action: 2024-02-14 - The committee on CPN deferred the measure.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the law governing interest and usury by defining "debt" to include any amount that a consumer agrees to pay under certain conditions; requiring "annual percentage rates" to be calculated pursuant to the Truth in Lending Act and requiring certain charges, amounts, and fees to be deemed as "finance charges" in its calculation; clarifying the types of expected sources of funds to be included in the term "credit"; and repealing the stand-alone definition of "finance charge".
Title
Relating To Earned Wage Access.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-14 | Senate | The committee on CPN deferred the measure. |
| 2024-02-07 | Senate | The committee(s) on CPN has scheduled a public hearing on 02-14-24 9:30AM; Conference Room 229 & Videoconference. |
| 2024-01-24 | Senate | Referred to CPN, WAM. |
| 2024-01-22 | Senate | Passed First Reading. |
| 2024-01-19 | Senate | Introduced. |
Subjects
Annual Percentage Rate
Credit
Debt
Earned Wage Access
Employee Definition
Employer
Finance Charge
Interest and Usury Law
Truth in Lending Act
Credit
Debt
Earned Wage Access
Employee Definition
Employer
Finance Charge
Interest and Usury Law
Truth in Lending Act
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2664&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB2664_.HTM |
