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HI HCR134

Concurrent Resolution

Official Source

Status

Introduced

3/8/2019

Primary Sponsor

Nadine Nakamura

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Origin

House of Representatives

2019 Regular Session

AI Summary

  • Request the State Auditor to conduct a follow-up analysis to a 2005 report on payday loans and check cashing under Hawaii Revised Statutes chapter 480F
  • Determine the number of storefront and internet companies operating short-term lending services and collect data on consumer usage, complaints, and impact
  • Analyze advantages and disadvantages of licensing and regulating short-term lenders and check cashers, including costs
  • Compare Hawaii's current regulations with those in other states and analyze economic impacts on consumers and lenders regarding interest rates, fees, and annual percentage rates
  • Require the Auditor to report findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2020 Regular Session begins

Legislative Description

Requesting The Auditor To Conduct A Follow-up Analysis To Sunrise Analysis: Check Cashing And Deferred Deposit Agreements (payday Loans), Report No. 05-11.

Deferred Deposit Agreements

Last Action

Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cabanilla Arakawa, C. Lee excused (2).

3/28/2019

Committee Referrals

Finance3/28/2019
Consumer Protection & Commerce3/14/2019

Full Bill Text

No bill text available