HI SB737

Requires check cashers to register annually with the Department of Commerce and Consumer Affairs and maintain a $10,000 surety bond or equivalent security device.

Mandates check cashers maintain customer records, submit to annual on-site examinations, and pay examination fees of $60 per hour plus additional travel and expense costs.

Prohibits check cashers from entering deferred deposit agreements with customers within 24 hours of a previous agreement ending, with verification requirements through customer databases and written customer statements.

Increases penalties for willful violations from a $500 fine to $1,000 fine, adds registration revocation as a penalty, and maintains up to 30 days imprisonment.

Takes effect July 1, 2030.