31st Legislature, 2021
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HB1233       (?)


Measure Title: RELATING TO LOANS.
Report Title: Payday Lending; Short-Term Loans; Short-Term Loan Companies; Licensure; Requirements
Description: Transitions from lump sum deferred deposit transactions to installment-based short-term loans. Specifies various consumer protection requirements for short-term loans, including interest and fee caps, allowable outstanding loans, a cooling-off period, and the right to rescind. Beginning 1/1/2022, requires persons operating as short-term loan companies to be licensed. Specifies licensing requirements for short-term loan companies.
Companion:
Package: None
Current Referral: CPC, FIN
Introducer(s): BRANCO, JOHANSON, MATAYOSHI, MORIKAWA, TARNAS, Tam

Sort by Date Status Text
1/26/2021HPending introduction.
1/27/2021HIntroduced and Pass First Reading.
2/1/2021HReferred to CPC, FIN, referral sheet 3

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB1233




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