STAND. COM. REP. NO.  216

 

Honolulu, Hawaii

                , 2019

 

RE:   H.B. No. 332

      H.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

 

Sir:

 

     Your Committee on Intrastate Commerce, to which was referred H.B. No. 332 entitled:

 

"A BILL FOR AN ACT RELATING TO CHECK CASHING,"

 

begs leave to report as follows:

 

     The purpose of this measure is to:

 

     (1)  Require check cashers to be registered with the Department of Commerce and Consumer Affairs;

 

     (2)  Require a check casher to offer a voluntary payment plan to the customer under certain circumstances;

 

     (3)  Establish the allowable terms of voluntary payment plans;

 

     (4)  Specify that a customer may only have one outstanding deferred deposit transaction from any source;

 

     (5)  Amend the required content of notices to be provided to customers by check cashers; and

 

     (6)  Remove the exemption for persons engaged in the bona fide retail sale of goods or services from the regulation of check cashers.

     Money Service Centers of Hawaii, Inc. and Hawaiian Community Assets testified in support of this measure.  The Department of Commerce and Consumer Affairs provided comments on this measure.

 

Your Committee has amended this measure by:

 

     (1)  Requiring the Auditor to conduct a sunrise analysis to update the analysis completed in 2005 regarding the regulation of payday lenders and deferred deposit agreements so that the State will have more up-to-date information;

 

     (2)  Changing its effective date to July 1, 3000; and

 

     (3)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 332, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 332, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.

 

 

Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,

 

 

 

 

____________________________

TAKASHI OHNO, Chair