RE
D Hawaii Senate · District 2

Sen. Russell E. Ruderman

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Total votes
1,875
all sessions
Attendance
0%
2,193 missed
Lower than 78% of chamber peers
With party
99%
of cast votes
Near the chamber average
Bipartisan score
1%
crosses aisle rarely
Higher than 79% of chamber peers
Sponsored
669
bills & resolutions
Near the chamber average
Committees
0
assignments
669 bills and resolutions

Sponsored bills

Total
669
Primary
669
Co-sponsor
0
This page
669
matching current filters
Primary SCR 45
In committee Mar 16, 2020 0 co-sponsors
Primary SB 2587
Passed · Hawaii Senate · Lead sponsor
RELATING TO CONSUMER PROTECTION.

Establishes regulatory framework for small dollar lenders in article 9 of chapter 412, HRS. Specifies various consumer protection requirements for small dollar loans. Beginning 1/1/2022, requires licensure for small dollar lenders that offer small dollar loans to consumers. Specifies licensing requirements for small dollar lenders. Authorizes the division of financial institutions to appoint 2.0 FTE examiner positions, funded via the compliance resolution fund, to carry out the purposes of the small dollar installment loan program. Requires check cashers to be registered with DCCA and to offer a voluntary payment plan to customers under certain circumstances. Establishes the terms of voluntary payment plans. Clarifies that a customer may only have one outstanding deferred deposit transaction from any source. Amends notices to customers required of check cashers. Removes the exemption for persons engaged in the bona fide retail sale of goods or services. Requires the Auditor to conduct an analysis of the regulation of payday lenders and deferred deposit agreements in the State. Effective 7/1/2050. (HD1)

Passed Mar 16, 2020 0 co-sponsors
Primary SR 24
In committee Mar 16, 2020 0 co-sponsors
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