HI SB430

Repeals chapter 481E and enacts the Revised Uniform Athlete Agents Act (2015) to regulate athlete agents, including financial advisers and business managers who work with student athletes for compensation.

Expands the definition of "athlete agent" to include individuals providing financial, business, or career management services to student athletes under certain circumstances, requiring registration with the director of commerce and consumer affairs.

Requires athlete agent contracts to include registration status, a statement that signing may result in loss of athletic eligibility, and a separate signed acknowledgment by the student athlete or parent/guardian about eligibility consequences.

Mandates athlete agents notify educational institutions within 72 hours of entering into an agency contract and before initiating contact with student athletes, with requirements for pre-existing relationships with scholarship athletes.

Establishes criminal penalties for violations of prohibited conduct, civil remedies allowing student athletes and institutions to recover treble damages and attorney's fees, and civil penalties up to $50,000 for violations; effective July 1, 2018.