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.
More detail
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)
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
May 29Act 116, 05/29/2025 (Gov. Msg. No. 1216).Latest
May 29Act 116, on 05/29/2025 (Gov. Msg. No. 1216).Major
May 2Received notice of passage on Final Reading in House (Hse. Com. No. 821).Minor
May 2Enrolled to Governor.To Governor
May 1Received notice of Final Reading (Sen. Com. No. 888).Minor
Apr 30Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
Apr 30Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick excused (2).Major
Apr 25The 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.Minor
Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Apr 25The 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.
Apr 25Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 148).
Apr 2548 Hrs. Notice (as amended CD 1) 04-30-25.
Apr 25Reported from Conference Committee (Conf Com. Rep. No. 148) as amended in (CD 1).
Apr 8Received from House (Hse. Com. No. 606).Minor
Apr 8Senate disagrees with House amendments.Minor
Apr 8Received notice of disagreement (Sen. Com. No. 774).Minor
Apr 4Reported from FIN (Stand. Com. Rep. No. 1955), recommending passage on Third Reading.
Apr 4Passed Third Reading with none voting aye with reservations; Representative(s) Amato voting no (1) and Representative(s) Cochran, Kapela excused (2). Transmitted to Senate.Passed House
Mar 31The 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.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
Mar 28Bill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
Mar 18Reported from CPC (Stand. Com. Rep. No. 1296) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
Mar 18Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).Minor
Mar 12The 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.Minor
Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Mar 10Bill scheduled to be heard by CPC on Wednesday, 03-12-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
Mar 6Pass First ReadingMinor
Mar 6Referred to CPC, FIN, referral sheet 19Minor
Mar 4Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
Mar 4Received from Senate (Sen. Com. No. 314) in amended form (SD 1).Minor
Feb 27Reported from CPN (Stand. Com. Rep. No. 794) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Feb 27Report adopted; Passed Second Reading, as amended (SD 1).Minor
Feb 2748 Hrs. Notice 03-04-25.
Feb 14The 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.Minor
Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Feb 10The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.