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HB 2471 Hawaii House · 2018 Regular Session

RELATING TO CONSUMER PROTECTION.

Summary
Transitions from lump sum deferred deposit transactions to installment-based small dollar loan transactions. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2019, 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 1.0 FTE examiner position, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program. Effective 7/1/2050. (SD2)
Bill status passed both 4 of 5 stages cleared
Introduction
Jan 2018
Committee Review
Apr 2018
House Passage
Mar 2018
Senate Passage
Apr 2018
Governor
Introduced Jan 23, 2018 Last action Apr 25, 2018
Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.
Full legislative history

Actions timeline

Total actions
28
Key actions
8
Committee
11
Amendments
2
Apr 12, 2018
Introduced
House disagrees with Senate amendment (s).
lower
Apr 10, 2018
Introduced
Returned from Senate (Sen. Com. No. 736) in amended form (SD 2).
lower
Apr 10, 2018
Upper · Passed
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Harimoto). Transmitted to House.
upper
Apr 4, 2018
Upper · Passed
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Galuteria, Harimoto, Inouye, K. Kahele, Kidani, Riviere, Shimabukuro, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Apr 2, 2018
Upper · Passed
The committee on WAM has added the measure to decision making scheduled on 04-04-18 10:30AM in conference room 211.
upper
Mar 23, 2018
Committee
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
upper
Mar 23, 2018
Committee
Reported from CPH (Stand. Com. Rep. No. 3202) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
upper
Mar 20, 2018
Upper · Passed
The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 4 Aye(s): Senator(s) Baker, S. Chang, Espero, Ihara; Aye(s) with reservations: none ; 0 No(es): none; and 3 Excused: Senator(s) Tokuda, Nishihara, Ruderman.
upper
Mar 16, 2018
Upper · Passed
The committee(s) on CPH added the measure to the public hearing scheduled on 03-20-18 9:00AM in conference room 229.
upper
Mar 8, 2018
Committee
Referred to CPH, WAM.
upper
Mar 8, 2018
Introduced
Received from House (Hse. Com. No. 345).
upper
Mar 6, 2018
Lower · Passed
Passed Third Reading with Representative(s) DeCoite, Har, Ito, McKelvey, Ohno, Onishi, Say, Tokioka, Tupola voting aye with reservations; Representative(s) Gates, Holt voting no (2) and none excused (0). Transmitted to Senate.
lower
Mar 1, 2018
Lower · Passed
The committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 13 Ayes: Representative(s) Luke, Cullen, Cachola, Fukumoto, Kobayashi, Lowen, Todd, Yamashita, Ward; Ayes with reservations: Representative(s) DeCoite, Gates, Nakamura, Tupola; 1 Noes: Representative(s) Holt; and 1 Excused: Representative(s) Keohokalole.
lower
Feb 16, 2018
Committee
Reported from CPC (Stand. Com. Rep. No. 754-18) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Feb 14, 2018
Lower · Passed
The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Takumi, Ichiyama, Johanson, LoPresti, Mizuno, McDermott; Ayes with reservations: none; 3 Noes: Representative(s) Ito, Say, Tokioka; and 2 Excused: Representative(s) Aquino, Yamane.
lower
Jan 29, 2018
Committee
Referred to CPC, FIN, referral sheet 9
lower
Jan 24, 2018
Introduced
Introduced and Pass First Reading.
lower
Jan 23, 2018
Introduced
Pending introduction.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.