Hawaii Senate Bill 2679 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 6-0)
Status: Engrossed on March 8 2016 - 50% progression, died in committee
Action: 2016-03-23 - Re-referred to FIN, referral sheet 36
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Specifies a customer has the right to rescind a deferred deposit by returning the principal amount used to fund the deferred deposit within a specified time frame. Permits customers to convert a deferred deposit into a loan installment plan in certain circumstances and specifies requirements for the loan installment plan. Protects against harmful collection practices. Defines annual percentage rate. Requires a check casher to provide a written agreement to a customer that clearly discloses specific information relating to the cost and fees associated with the deferred deposit, among other things. Caps the annual percentage rate at no more than thirty-six per cent for deferred deposit of a personal check. Permits prepayment of deferred deposit agreements and loan installment plans with no additional fees. (SD1)

Check Cashing; Deferred Deposit Agreements; Fees; Annual Percentage Rate; Right to Rescind; Loan Installment Plan; Collection Practices

Sen. Rosalyn Baker [D]	Sen. Lorraine Inouye [D]	Sen. Gil Keith-agaran [D]	Sen. Michelle Kidani [D]
Sen. Jill Tokuda [D]	Sen. Brian Taniguchi [D]

Date	Chamber	Action
2016-03-23	House	Re-referred to FIN, referral sheet 36
2016-03-10	House	Referred to CPC, FIN, referral sheet 26
2016-03-10	House	Pass First Reading
2016-03-08	House	Received from Senate (Sen. Com. No. 228) in amended form (SD 1).
2016-03-08	Senate	Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Riviere). Transmitted to House.
2016-03-03	Senate	48 Hrs. Notice 03-08-16.
2016-03-03	Senate	Report adopted; Passed Second Reading, as amended (SD 1).
2016-03-03	Senate	Reported from CPH (Stand. Com. Rep. No. 2669) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2016-02-19	Senate	The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 7 Aye(s): Senator(s) Baker, Kidani, Espero, Ihara, Nishihara, Ruderman, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2016-02-11	Senate	The committee(s) on CPH has scheduled a public hearing on 02-19-16 9:00AM in conference room 229.
2016-01-27	Senate	Referred to CPH.
2016-01-25	Senate	Passed First Reading.
2016-01-22	Senate	Introduced.

Type	Source
Summary	http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2679&year=2016
Text	http://www.capitol.hawaii.gov/session2016/bills/SB2679_.HTM
Text	http://www.capitol.hawaii.gov/session2016/bills/SB2679_SD1_.HTM