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HI HB2409

Bill

Status

Passed

7/10/2012

Primary Sponsor

Henry Aquino

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Authorizes the Director of Commerce and Consumer Affairs to enforce federal laws protecting military members and their families from abusive lending practices.

  • Grants the Office of Consumer Protection authority to enforce federal consumer protections specific to service members and their dependents beyond existing state payday lending law (chapter 480F).

  • Permits the Office of Consumer Protection to enter into an agreement to access the Military Sentinel Network, a Federal Trade Commission database for tracking consumer complaints.

  • Acknowledges that armed forces members may be particularly vulnerable to abusive lending practices and that the U.S. Department of Defense requested state assistance in enforcing protections for service members.

Legislative Description

Consumer Protection; Lending Practices; Military Sentinel Network

Last Action

(S) Act 249, 7/6/2012 (Gov. Msg. No. 1352).

7/10/2012

Committee Referrals

Consumer Protection & Commerce3/19/2012
Finance2/16/2012
Consumer Protection & Commerce2/8/2012
Public Safety & Military Affairs1/25/2012

Full Bill Text

No bill text available