BAKER
Primary
Transitions from lump sum deferred deposit transactions to installment-based small dollar loan transactions. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2020, requires licensure for small dollar lenders that offer small dollar loans to consumers. Specifies licensing requirements for small dollar lenders. Authorizes the division of financial institutions to appoint 2.0 FTE examiner positions, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program. Requires check cashers to be registered with DCCA and to offer a voluntary payment plan to customers under certain circumstances. Establishes the terms of voluntary payment plans. Clarifies that a customer may only have one outstanding deferred deposit transaction from any source. Amends notices to customers required of check cashers. Removes the exemption for persons engaged in the bona fide retail sale of goods or services. Requires the Auditor to conduct a sunrise analysis of the regulation of payday lenders and deferred deposit agreements in the State. (SB537 HD3)
Received notice of all Senate conferees being discharged (Sen. Com. No. 535).
Senate Conferee(s) discharged.
Carried over to 2020 Regular Session.
Senate Conferees Appointed: Baker Chair; English Co-Chair; S. Chang, J.Keohokalole, Fevella.
Received notice of Senate conferees (Sen. Com. No. 907).
Senate disagrees with House amendments.
Received notice of disagreement (Sen. Com. No. 893).
Received from House (Hse. Com. No. 741).
Passed Third Reading as amended in HD 3 with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.
Forty-eight (48) hours notice Tuesday, 04-09-19.
Reported from FIN (Stand. Com. Rep. No. 2190) as amended in HD 3, recommending passage on Third Reading.
The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Luke, Cullen, Eli, Gates, Hashimoto, Kitagawa, B. Kobayashi, Matayoshi, Nakamura, Todd, Wildberger, Yamashita, McDermott; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Nishimoto.
Proposed draft of Bill scheduled to be heard by FIN on Wednesday, 04-03-19 2:00PM in House conference room 308. Copy of proposed draft available at www.capitol.hawaii.gov.
The committee(s) on FIN recommend(s) that the measure be deferred.
Bill scheduled to be heard by FIN on Friday, 03-29-19 3:30PM in House conference room 308.
Reported from CPC (Stand. Com. Rep. No. 1594) as amended in HD 2, recommending referral to FIN.
Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Quinlan, Yamane excused (2).
The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Takumi, Ichiyama, Aquino, Cabanilla Arakawa, Cachola, Har, Kong, Onishi, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Belatti, Mizuno.
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) McKelvey, Nakamura, Quinlan, Takumi excused (4).
Reported from IAC (Stand. Com. Rep. No. 1367) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
Bill scheduled to be heard by CPC on Tuesday, 03-19-19 2:00PM in House conference room 329.
The committees on IAC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Ohno, D. Kobayashi, Kong, Nishimoto, Takayama, McDermott; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Gates.
Bill scheduled to be heard by IAC on Thursday, 03-14-19 8:30AM in House conference room 430.
Re-referred to IAC, CPC, FIN, referral sheet 29
Referred to CPC, FIN, referral sheet 27
Pass First Reading
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Harimoto). Transmitted to House.
Received from Senate (Sen. Com. No. 177) in amended form (SD 2).
48 Hrs. Notice 03-05-19.
Reported from WAM (Stand. Com. Rep. No. 1068) with recommendation of passage on Third Reading, as amended (SD 2).
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 9 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, Inouye, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 4 Excused: Senator(s) English, Harimoto, K. Kahele, Riviere.
The committee(s) on WAM will hold a public decision making on 02-21-19 10:00AM in conference room 211.
Reported from CPH (Stand. Com. Rep. No. 371) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 6 Aye(s): Senator(s) Baker, S. Chang, J.Keohokalole, Nishihara, Ruderman, L. Thielen; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
The committee(s) on CPH has scheduled a public hearing on 02-05-19 9:00AM in conference room 229.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB537_SD2 | PDF HTML |
| SB537_SD1 | PDF HTML |
| SB537_HD3_PROPOSED | PDF HTML |
| SB537_HD3 | PDF HTML |
| SB537_HD2 | PDF HTML |
| SB537_HD1 | PDF HTML |
| SB537 | PDF HTML |
| Document | Format |
|---|---|
| Committee Report SB537_HD1_HSCR1367 | PDF HTML |
| Committee Report SB537_HD2_HSCR1594 | PDF HTML |
| Committee Report SB537_HD3_HSCR2190 | PDF HTML |
| Committee Report SB537_SD1_SSCR371 | PDF HTML |
| Committee Report SB537_SD2_SSCR1068 | PDF HTML |
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