29th Legislature, 2018
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HB2471 HD1 SD2       (?)


Measure Title: RELATING TO CONSUMER PROTECTION.
Report Title: Payday Lending; Small Dollar Loans; Small Dollar Lenders; Licensure; Requirements; Appropriation ($)
Description: Transitions from lump sum deferred deposit transactions to installment-based small dollar loan transactions. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2019, 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. Effective 7/1/2050. (SD2)
Companion:
Package: None
Current Referral: CPH, WAM
Introducer(s): C. LEE, BROWER, LOWEN, TAKUMI

Sort by Date Status Text
1/23/2018HPending introduction.
1/24/2018HIntroduced and Pass First Reading.
1/29/2018HReferred to CPC, FIN, referral sheet 9
2/12/2018HBill scheduled to be heard by CPC on Wednesday, 02-14-18 2:00PM in House conference room 329.
2/14/2018HThe committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Takumi, Ichiyama, Johanson, LoPresti, Mizuno, McDermott; Ayes with reservations: none; 3 Noes: Representative(s) Ito, Say, Tokioka; and 2 Excused: Representative(s) Aquino, Yamane.
2/16/2018HReported from CPC (Stand. Com. Rep. No. 754-18) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/16/2018HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) McKelvey, Say voting aye with reservations; Representative(s) Har, Tokioka voting no (2) and Representative(s) DeCoite, Ing, Nakamura, Onishi, Woodson excused (5).
3/1/2018HBill scheduled to be heard by FIN on Thursday, 03-01-18 2:30PM in House conference room 308.
3/1/2018HThe committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 13 Ayes: Representative(s) Luke, Cullen, Cachola, Fukumoto, Kobayashi, Lowen, Todd, Yamashita, Ward; Ayes with reservations: Representative(s) DeCoite, Gates, Nakamura, Tupola; 1 Noes: Representative(s) Holt; and 1 Excused: Representative(s) Keohokalole.
3/2/2018HReported from FIN (Stand. Com. Rep. No. 1133-18), recommending passage on Third Reading.
3/6/2018HPassed Third Reading with Representative(s) DeCoite, Har, Ito, McKelvey, Ohno, Onishi, Say, Tokioka, Tupola voting aye with reservations; Representative(s) Gates, Holt voting no (2) and none excused (0). Transmitted to Senate.
3/8/2018SReceived from House (Hse. Com. No. 345).
3/8/2018SPassed First Reading.
3/8/2018SReferred to CPH, WAM.
3/16/2018SThe committee(s) on CPH added the measure to the public hearing scheduled on 03-20-18 9:00AM in conference room 229.
3/20/2018SThe committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 4 Aye(s): Senator(s) Baker, S. Chang, Espero, Ihara; Aye(s) with reservations: none ; 0 No(es): none; and 3 Excused: Senator(s) Tokuda, Nishihara, Ruderman.
3/23/2018SReported from CPH (Stand. Com. Rep. No. 3202) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
3/23/2018SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
4/2/2018SThe committee on WAM has added the measure to decision making scheduled on 04-04-18 10:30AM in conference room 211.
4/4/2018SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Galuteria, Harimoto, Inouye, K. Kahele, Kidani, Riviere, Shimabukuro, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
4/6/2018SReported from WAM (Stand. Com. Rep. No. 3681) with recommendation of passage on Third Reading, as amended (SD 2).
4/6/2018S48 Hrs. Notice 04-10-18.
4/10/2018SReport 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.
4/10/2018HReturned from Senate (Sen. Com. No. 736) in amended form (SD 2).
4/12/2018HHouse disagrees with Senate amendment (s).
4/13/2018SReceived notice of disagreement (Hse. Com. No. 608).
4/24/2018SSenate Conferees Appointed: Baker Chair; English Co-Chair; S. Chang.
4/25/2018HReceived notice of Senate conferees (Sen. Com. No. 835).

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

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HB2471 HD1 SD2






CommRoomDate/TimeNotice
CPC 329 2/14/2018 2:00 PM View
FIN 308 3/01/2018 2:30 PM View
CPH 229 3/20/2018 9:00 AM View
WAM 211 4/04/2018 10:30 AM View