HI HB2508

Clarifies qualification and enforcement provisions for exempt out-of-state collection agencies operating in Hawaii

Increases fines for collection agencies governed under chapter 443B, Hawaii Revised Statutes

Addresses concern that exempt out-of-state collection agencies operating in Hawaii more than doubled between 2004 and 2011 while registered agencies remained relatively stable

Establishes additional regulatory safeguards for Hawaii consumers contacted by exempt out-of-state collection agencies

Grants Department of Commerce and Consumer Affairs enhanced oversight authority while preserving reciprocal benefits of exempt out-of-state collection agencies