Roy M. Takumi
- Democratic
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 1/1/2022, 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 1.0 FTE examiner position, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program.
No votes to display
Carried over to 2022 Regular Session.
Referred to CPC, FIN, referral sheet 1
Introduced and Pass First Reading.
Pending introduction.
| Bill Text Versions | Format |
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| HB29 | PDF HTML |
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| No related documents. |
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