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Legislative record

HB 1048STATE · HawaiiIntroduced

RELATING TO INSTALLMENT LOANS.

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)

Voted 12/8/2025View source

Roll-call record

How representatives voted

8 yea·0 nay·2 other

Docket history

Action history

  1. 12/8/2025Carried over to 2026 Regular Session.
  2. 2/11/2025Passed 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).
  3. 2/11/2025Reported from CPC (Stand. Com. Rep. No. 426) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
  4. 2/4/2025The 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.
  5. 1/31/2025Bill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
  6. 1/23/2025Referred to CPC, FIN, referral sheet 3
  7. 1/23/2025Introduced and Pass First Reading.
  8. 1/21/2025Pending introduction.