Hawaii

State Payday Loan Law Information

Payday loans in Hawaii are restricted to amounts equal to or less than $600.  The maximum term of any loan is 32 days.  The maximum finance rate and fees may not exceed 15 percent of the check.

The maximum number of outstanding loans is restricted to one at a time. The loan may not be refinanced or consolidated.  There is not cooling off period or repayment plan.

The collections fees are restricted to $20 for a NSF and the check casher that accepts a check passed on insufficient funds is not entitled to recover damages.  Criminal action is prohibited unless the check is returned due to a closed account or stop payment by the maker.

 

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