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2016 Archives
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SB2679 SD1     
Measure Title: RELATING TO CHECK CASHING.
Report Title: Check Cashing; Deferred Deposit Agreements; Fees; Annual Percentage Rate; Right to Rescind; Loan Installment Plan; Collection Practices
Description: Specifies a customer has the right to rescind a deferred deposit by returning the principal amount used to fund the deferred deposit within a specified time frame. Permits customers to convert a deferred deposit into a loan installment plan in certain circumstances and specifies requirements for the loan installment plan. Protects against harmful collection practices. Defines annual percentage rate. Requires a check casher to provide a written agreement to a customer that clearly discloses specific information relating to the cost and fees associated with the deferred deposit, among other things. Caps the annual percentage rate at no more than thirty-six per cent for deferred deposit of a personal check. Permits prepayment of deferred deposit agreements and loan installment plans with no additional fees. (SD1)
Companion:
Package: None
Current Referral: FIN
Introducer(s): BAKER, INOUYE, KEITH-AGARAN, KIDANI, TOKUDA, Taniguchi
Act:

Sort by Date Status Text
3/23/2016HRe-referred to FIN, referral sheet 36
3/10/2016HReferred to CPC, FIN, referral sheet 26
3/10/2016HPass First Reading
3/8/2016HReceived from Senate (Sen. Com. No. 228) in amended form (SD 1).
3/8/2016SPassed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Riviere). Transmitted to House.
3/3/2016S48 Hrs. Notice 03-08-16.
3/3/2016SReport adopted; Passed Second Reading, as amended (SD 1).
3/3/2016SReported from CPH (Stand. Com. Rep. No. 2669) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/19/2016SThe committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 7 Aye(s): Senator(s) Baker, Kidani, Espero, Ihara, Nishihara, Ruderman, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/11/2016SThe committee(s) on CPH has scheduled a public hearing on 02-19-16 9:00AM in conference room 229.
1/27/2016SReferred to CPH.
1/25/2016SPassed First Reading.
1/22/2016SIntroduced.

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

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SB2679 SD1
All Versions of this Measure
SB2679_SD1 Pdf File
SB2679 Pdf File

Committee Reports
SB2679_SD1_SSCR2669_ Pdf File

Testimony
SB2679_TESTIMONY_CPH_02-19-16
SB2679_TESTIMONY_CPH_02-19-16_LATE

Hearing Notices
CPH
2/19/16 9:00A
229
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