HI

Hawaii State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Hawaii Rev. Stat. Ann. 480F-1 et seq.

Loan Terms:
Maximum Loan Amount: $600 face amount of check
Loan Term: Max: 32 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance or consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Hawaii Department of Commerce and Consumer Affairs
Address: (Main Building) United States Post Office Custom House and Court House, 335 Merchant Street, Honolulu, Hawaii 96813
Phone: (808) 587-3222
Regulator Website

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