SB 1367 Hawaii Senate · 2025 Regular Session

RELATING TO INSTALLMENT LOANS.

Summary

Clarifies chapter 480J, HRS, regulating installment lenders. Replaces the term "consumer loan" with the defined term "installment loan" for consistency throughout the installment loan chapter. Requires loan maintenance fees to be prorated daily. Allows lenders to charge a convenience fee. Requires paper receipts only for in-person or cash payments and removes consumer names from receipts. Repeals the requirement for lenders to wait three days after a consumer fully repays a loan before issuing a new installment loan. Sunsets 6/30/2030. (CD1)

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

Senate Passage

Apr 2025

House Passage

Apr 2025

Signed into Law

May 2025

Introduced Jan 21, 2025 Signed May 29, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

SB1367_HD1 → SB1367_SD1 · 7 edits

MODERATE

This bill clarifies the definition of 'installment lender' to include those arranging loans for third parties, sets a $1,500 loan cap, and adjusts maintenance fees based on loan amounts with daily proration. It also increases debit card convenience fees to $5, removes consumer names from receipts, and repeals the three-day waiting period between loans.

Scope change

The bill expands the definition of 'installment lender' to include agents arranging loans for third parties, ensuring they are also regulated under the chapter.

DEFINITION

Expanded the definition of 'installment lender' to include persons who arrange installment loans for third parties, regardless of whether the third party is licensed or exempt.

REQUIREMENT

Adjusted monthly maintenance fees to be prorated daily, with specific caps: $25 for loans under $300, $30 for loans $300-$699.99, and $35 for loans $700 or more.

Increased the maximum debit card convenience fee from $1 to $5 and clarified that the consumer must choose the payment method.

Removed the requirement to include the consumer's name on written receipts for cash or in-person payments to enhance privacy.

Repealed the requirement that lenders wait three days after a loan is paid in full before issuing another loan to the same consumer.

Added a provision allowing consumers to obtain a second loan if their spouse obtained a separate loan first, provided both loans are voluntary and not co-signed.

TIMELINE

Set the effective date of the Act to July 1, 2050.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 30, 2025

Lower · Passed

Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick excused (2).

lower

Apr 30, 2025

Upper · Passed

Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

upper

Apr 25, 2025

Lower · Passed

Reported from Conference Committee (Conf Com. Rep. No. 148) as amended in (CD 1).

lower

Apr 25, 2025

Introduced

48 Hrs. Notice (as amended CD 1) 04-30-25.

upper

Apr 25, 2025

Upper · Passed

Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 148).

upper

Apr 25, 2025

Lower · Passed

The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Takenouchi, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Apr 25, 2025

Upper · Passed

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Fukunaga, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.

upper

Apr 24, 2025

Upper · Passed

Conference committee meeting to reconvene on 04-25-25 1:30PM; Conference Room 224.

upper

Apr 23, 2025

Lower · Passed

Conference Committee Meeting will reconvene on Thursday 04-24-25 1:30PM in conference room 224.

lower

Apr 22, 2025

Upper · Passed

Conference committee meeting scheduled for 04-23-25 1:40PM; Conference Room 224.

upper

Apr 8, 2025

Amended

Senate disagrees with House amendments.

upper

Apr 8, 2025

Introduced

Received from House (Hse. Com. No. 606).

upper

Apr 4, 2025

Lower · Passed

Passed Third Reading with none voting aye with reservations; Representative(s) Amato voting no (1) and Representative(s) Cochran, Kapela excused (2). Transmitted to Senate.

lower

Mar 31, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward.

lower

Mar 18, 2025

Committee

Reported from CPC (Stand. Com. Rep. No. 1296) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 12, 2025

Lower · Passed

The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Iwamoto, Kong, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.

lower

Mar 6, 2025

Committee

Referred to CPC, FIN, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 314) in amended form (SD 1).

lower

Mar 4, 2025

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 14, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 10, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 27, 2025

Committee

Referred to CPN.

upper

Jan 23, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 21, 2025

Introduced

Pending Introduction.

upper

1 primary · 0 co-sponsors