In Hawaii, Payday Loans or “Quick Cash” loans come in real handy when you are short on cash. Today you can go to brick and mortar business for a payday loan or cash advance loan and you can even get online payday loans. The interest rates are a little healthy, but the speed and convenience of getting the cash quick to cover an unexpected expense overrides the costs.

These are the rules, laws and regulations of payday loans in Hawaii.

Hawaii State Information
Payday Loan Laws & Legislation

Payday Loan Legal Status: Legal
Applies to check cashers only

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

Payday Loan Terms:

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

Payday Loan Debt Limits:

Maximum Number of Outstanding Payday Loans at One Time: One
Rollovers Permitted: None – cannot refinance or consolidate payday loan
Cooling-off Period:
Repayment Plan:

Payday Loan Collection Limits:
Collection Fees: $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action: Prohibited
Unless check returned due to closed account or
stop-payment by maker

Regulator: Hawaii Department of Commerce and Consumer Affairs
Address: Consumer Resource Center, 235 S. Beretania Street, Rm 801 Honolulu HI 96813
Phone: (808) 587-3222
Fax: (808) 586-2640

Ahuimanu
Aiea

Ewa Beach
Haiku-Pauwela
Halawa
Hawaiian Paradise Park
Hilo
Holualoa
Honolulu
Kahului
Kailua

Kalaoa
Kaneohe
Kaneohe Station
Kapaa
Kihei
Lahaina
Makaha
Makakilo City
Makawao

Mililani Town
Nanakuli
Napili-Honokowai
Pearl City
Pukalani
Schofield Barracks
Village Park
Wahiawa
Waianae

Waihee-Waiehu
Wailuku
Waimalu
Waimea
Waipahu
Waipio

Hawaii County
Honolulu County
Kalawao County

Kauai County
Maui County

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This entry was posted on Saturday, May 15th, 2010 at 2:06 pm and is filed under Payday Loans by State. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.