Hawaii Cash Advance Laws & Regulations
Hawaii has one of the largest loan limits in the nation, with borrower’s eligible to take out cash advances in the amount of $600. However, payday lenders in the state do have the authority to determine the amount you can borrow based on the proof of income you provide, so plan accordingly. Scroll down for the legal guidelines regulating Hawaii payday loans.
Here are some specific Hawaii regulations, to protect consumers from predatory lending in the payday loan industry:
- Maximum Payday Loan Term
32 days - Maximum Finance Charges and Fees
Interest rate cannot pass 15% of loan total, with finance charges of $17.65 per $100 borrowed for 14 day loans - Maximum Loan Amount
$600 - Number of Rollovers
None - Outstanding Loans Allowed at Once
One - Cool-Off Period
N/A
- Payment Plan
N/A - Collection Fees
One $20 NSF fee - Presentment Limit
One - Private Right of Action
Civil - Military Protection
N/A - Penalties
Arbitration, attorney fees, and all loan costs including late fees
References:
Hawaii Rev. Stat. Ann. § 480F-1 et seq.
Hawaii Department of Commerce and Consumer Affairs
235 S. Beretania Street, Room 801
Honolulu, HI 96813
Phone: (808) 587-3222
Fax: (808) 586-2640
Website: http://www.hawaii.gov/dcca
Information by City
More Information about Hawaii
Latest News
Check Your Wallet After Getting Through Security, It May Have Gotten Lighter
Recent highly publicized cases have raised awareness among passengers that they may need to keep an eye on the security officials watching them.
Estate Taxes in Flux State to State
Coupled with recent changes to numerous state inheritance taxes, the amount of money you can leave behind may vary quite a bit on the other side of the state line.
© 2012 CashAdvance.com All Rights Reserved.
CashAdvance.com is Hawk, LLC, which is a limited liability company chartered pursuant to the laws of the Ute Indian Tribe and is wholly owned by enrolled members of the Ute Indian Tribe. By your use of this website you consent to the laws and jurisdiction of the Ute Indian Tribe as it relates directly or indirectly to your use of this website.
Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our State Consumer Resource pages to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.
Legal Disclaimer: This website does not constitute an offer or solicitation to lend. CashAdvance.com is not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. CashAdvance.com provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. CashAdvance.com's aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. CashAdvance.com does not endorse any particular service provider, lender, nor loan product. You are under no obligation to use CashAdvance.com's service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use CashAdvance.com's service. Learn more on our Rates & Fees section.
Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. CashAdvance.com does not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.