HI HR81

Requests the Auditor to conduct a follow-up analysis of the 2005 Sunrise Analysis on payday loans (Report No. 05-11) and assess the status of previous recommendations, including a mandatory registration program for payday lenders with the Department of Commerce and Consumer Affairs.

Directs the Auditor to compare Hawaii's payday loan regulations under chapter 480F with regulations in other states.

Requires analysis of the economic impact on consumers and payday loan providers from regulations in other jurisdictions that cap fees at an annual percentage rate of 36 percent.

Requires analysis of the availability and cost of alternative credit products to payday loans.

Directs the Auditor to report findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2016 Regular Session begins.