Chapter 480J — Chapter 480J
3 sections in this chapter.
HRS §480J-1 Definitions
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PArt I. GEneral provisions §480J-1 Definitions. As used in this chapter, unless the context otherwise requires: "Annual percentage rate" means an annual percentage rate as determined pursuant to section 107 of the Truth in Lending Act, title 15 United States Code section 1606. Fo…
HRS §480J-2 Installment loans; requirements; payments
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§480J-2 Installment loans; requirements; payments. (a) [Repeal and reenactment on June 30, 2030. L 2025, c 116, §5.] Each installment loan transaction and renewal shall meet the following requirements: (b) In an installment loan, a lender may contract for a once-every-two-weeks, …
HRS §480J-5 Maximum loan amount; prohibition against multiple loans
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§480J-5 Maximum loan amount; prohibition against multiple loans. [Repeal and reenactment on June 30, 2030. L 2025, c 116, §5.] (a) A lender shall not lend an amount greater than $1,500 nor shall the amount financed exceed $1,500 by any one lender at any time to a consumer. (b) Ex…