2017 Archives
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SB286 SD1     
Report Title: Check Cashing; Deferred Deposit Agreements; Fees; Annual Percentage Rate; Right to Rescind; Installment Loan 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 an installment loan plan in certain circumstances and specifies requirements for the installment loan plan. Protects against harmful collection practices. Defines annual percentage rate. Requires a check casher to post a notice informing customers that additional options may be available for safe, regulated, lower-cost, small dollar loans. 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 thirty-six per cent for deferred deposit of a personal check. Permits prepayment of deferred deposit agreements with no additional fees. (SD1)
Package: None
Current Referral: CPC, FIN
Introducer(s): BAKER, ESPERO, IHARA, KEITH-AGARAN, K. RHOADS, TOKUDA, S. Chang, Dela Cruz, Gabbard, Harimoto, Wakai

Sort by Date Status Text
3/21/2017HThe committee(s) on CPC recommend(s) that the measure be deferred.
3/17/2017HBill scheduled for decision making on Tuesday, 03-21-17 2:05PM in conference room 329.
3/17/2017HThe committee(s) on CPC recommend(s) that the measure be deferred until 03-21-17.
3/17/2017HBroadcast of hearing/briefing available. See: www.capitoltv.org
3/14/2017HBill scheduled to be heard by CPC on Friday, 03-17-17 2:00PM in House conference room 329.
3/9/2017HReferred to CPC, FIN, referral sheet 27
3/9/2017HPass First Reading
3/7/2017HReceived from Senate (Sen. Com. No. 113) in amended form (SD 1).
3/7/2017SPassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/3/2017S48 Hrs. Notice 03-07-17.
3/3/2017SReport adopted; Passed Second Reading, as amended (SD 1).
3/3/2017SReported from CPH (Stand. Com. Rep. No. 696) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/27/2017SThe committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Ihara; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Ruderman.
2/17/2017SThe committee(s) on CPH has scheduled a public hearing on 02-27-17 9:30AM in conference room 229.
1/23/2017SReferred to CPH.
1/23/2017SPassed First Reading.

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

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SB286 SD1
All Versions of this Measure

Committee Reports

Hearing Notices
2/27/17 9:30A
3/17/17 2:00P
3/21/17 2:05P