31st Legislature, 2021
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SB974 SD2 HD1       (?)


Measure Title: RELATING TO CONSUMER PROTECTION.
Report Title: Department of Commerce and Consumer Affairs; Small Dollar Loans; Small Dollar Lenders; Licensure; Requirements; Check Cashers; Payday Lending; Voluntary Payment Plans; Notices ($)
Description: Beginning 7/1/2023: provides for new viable installment-based small dollar loan transactions; specifies various consumer protection requirements for small dollar loans; requires licensure for small dollar lenders, subject to the oversight of the division of financial institutions of the department of commerce and consumer affairs; specifies licensing requirements for small dollar lenders; and caps the maximum allowable loan size at $1,500. Amends requirements for check cashers, including requiring check cashers to be licensed with the department of commerce and consumer affairs, to offer voluntary payment plans to consumers, and make various notice and disclosure requirements. Requires the division of financial institutions to conduct an analysis of the regulation of payday lenders and deferred deposit agreements and report to the legislature. Effective 7/1/2050. (HD1)
Companion:
Package: None
Current Referral: CPC, FIN
Introducer(s): BAKER, MISALUCHA

Sort by Date Status Text
1/27/2021SIntroduced.
1/27/2021SPassed First Reading.
1/29/2021SReferred to CPN, WAM/JDC.
2/5/2021SThe committee(s) on CPN has scheduled a public hearing on 02-09-21 9:30AM in conference room 229.
2/9/2021SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 7 Aye(s): Senator(s) Baker, Chang, Misalucha, Nishihara, Riviere, San Buenaventura, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/12/2021SReported from CPN (Stand. Com. Rep. No. 169) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
2/12/2021SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2/19/2021SThe committee(s) on WAM/JDC will hold a public decision making on 02-23-21 10:35AM; CR 211 & Videoconference.
2/23/2021SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 10 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Inouye, Kanuha, Kidani, Moriwaki, Shimabukuro, Taniguchi, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Wakai.
2/23/2021SThe committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 7 Aye(s): Senator(s) Rhoads, Keohokalole, Acasio, Gabbard, Kim, Lee, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
3/5/2021SReported from WAM/JDC (Stand. Com. Rep. No. 913) with recommendation of passage on Third Reading, as amended (SD 2).
3/5/2021S48 Hrs. Notice 03-09-21.
3/9/2021SReport adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/9/2021HReceived from Senate (Sen. Com. No. 314) in amended form (SD 2).
3/11/2021HPass First Reading
3/11/2021HReferred to CPC, FIN, referral sheet 22
3/22/2021HBill scheduled to be heard by CPC on Wednesday, 03-24-21 2:00PM in House conference room 329 Via Videoconference.
3/24/2021HThe committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Johanson, Kitagawa, Aquino, Har, Hashem, Kong, Mizuno, Morikawa, Onishi, Tarnas, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
3/25/2021HReported from CPC (Stand. Com. Rep. No. 1514) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/25/2021HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).

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

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SB974 SD2 HD1






CommDate/Time/RoomNotice 
CPN 2/09/21 9:30A
229
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WAM/JDC 2/23/21 10:35A
CR 211 & Videoconference
View
CPC 3/24/21 2:00P
329 Via Videoconference
View