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Hawaii 2026

HB 1048

RELATING TO INSTALLMENT LOANS.

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Source: Open States / PluralUpdated 2026-09-18 19:11:01 UTC.

Official record

Measure details

Jurisdiction
Hawaii
Session
2026
Chamber
lower
Classification
bill
Subjects
Department of Commerce and Consumer Affairs, Division of Financial Institutions, Installment Lender, Lender
Introduced / first action
2025-01-21 00:00:00

Source-supplied abstracts

Replaces the term "consumer loan" with the defined term "installment loan" for consistency throughout the installment loan chapter. Clarifies who is subject to the installment loan chapter. Requires loan maintenance fees to be prorated daily. Allows lenders to charge a convenience fee of up to $5 for debit card payments. Requires paper receipts only for in-person or cash payments and removes consumer names from receipts. Repeals the requirement for lenders to wait three days after a consumer fully repays a loan before issuing a new installment loan. Sunsets 6/30/2028. Effective 7/1/3000. (HD1)

Sponsors

Source-supplied history

Actions

  1. Carried over to 2026 Regular Session.

    carried-over

  2. Reported from CPC (Stand. Com. Rep. No. 426) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  3. Passed 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 Representative(s) Cochran, Ward excused (2).

    reading-2, referral-committee

  4. The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kong, Lowen.

    committee-passage-favorable

  5. Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

  6. Introduced and Pass First Reading.

    introduction, reading-1

  7. Referred to CPC, FIN, referral sheet 3

    referral-committee

  8. Pending introduction.

When supplied by the API

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