HI SB286 | 2017 | Regular Session

Note: Carry Foward to future SB286

Status

Spectrum: Partisan Bill (Democrat 11-0)
Status: Engrossed on March 7 2017 - 50% progression, died in chamber
Action: 2017-03-21 - The committee(s) on CPC recommend(s) that the measure be deferred.
Text: Latest bill text (Amended) [HTML]

Summary

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 an installment loan plan in certain circumstances and specifies requirements for the installment loan plan. Protects against harmful collection practices. Defines annual percentage rate. Requires a check casher to post a notice informing customers that additional options may be available for safe, regulated, lower-cost, small dollar loans. 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 thirty-six per cent for deferred deposit of a personal check. Permits prepayment of deferred deposit agreements with no additional fees. (SD1)

Tracking Information

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Title

Relating To Check Cashing.

Sponsors


History

DateChamberAction
2017-03-21HouseThe committee(s) on CPC recommend(s) that the measure be deferred.
2017-03-17HouseBill scheduled for decision making on Tuesday, 03-21-17 2:05PM in conference room 329.
2017-03-17HouseThe committee(s) on CPC recommend(s) that the measure be deferred until 03-21-17.
2017-03-17HouseBroadcast of hearing/briefing available. See: www.capitoltv.org
2017-03-14HouseBill scheduled to be heard by CPC on Friday, 03-17-17 2:00PM in House conference room 329.
2017-03-09HouseReferred to CPC, FIN, referral sheet 27
2017-03-09HousePass First Reading
2017-03-07HouseReceived from Senate (Sen. Com. No. 113) in amended form (SD 1).
2017-03-07SenatePassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2017-03-03Senate48 Hrs. Notice 03-07-17.
2017-03-03SenateReport adopted; Passed Second Reading, as amended (SD 1).
2017-03-03SenateReported from CPH (Stand. Com. Rep. No. 696) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2017-02-27SenateThe committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Ihara; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Ruderman.
2017-02-17SenateThe committee(s) on CPH has scheduled a public hearing on 02-27-17 9:30AM in conference room 229.
2017-01-23SenateReferred to CPH.
2017-01-23SenatePassed First Reading.
2017-01-20SenateIntroduced.

Same As/Similar To

SB286 (Carry Over) 2017-03-21 - The committee(s) on CPC recommend(s) that the measure be deferred.

Subjects


Hawaii State Sources


Bill Comments

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