CONFERENCE COMMITTEE REPORT NO. 133

                            Honolulu, Hawaii
                                            , 1999

                            RE:   H.B. No. 460
                                  H.D. 2
                                  S.D. 1
                                  C.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Conference on the disagreeing vote of the
House of Representatives to the amendments proposed by the Senate
in H.B. No. 460, H.D. 2, S.D. 1, entitled:

    "A BILL FOR AN ACT RELATING TO CHECK CASHING,"

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this bill is to establish stronger consumer
protections regulations on the check cashing industry by:

     (1) Establishing fee caps for check cashing;

     (2) Requiring posted and written notices of fees to
         consumers;

     (3) Specifying other prohibited acts with regard to check
         cashing; and


 
 
 
                            CONFERENCE COMMITTEE REPORT NO. 133
                            Page 2



     (4) Making violations of the check cashing law an unfair or
         deceptive act or practice and wilful violations
         punishable by a fine of up to $500 and 30 days
         imprisonment.

     Your Committee on Conference has amended this bill by:

     (1) Limiting the face amount of deferred deposit checks to
         $300;

     (2) Exempting fees for deferred deposit of personal checks
         from chapter 478, Hawaii Revised Statutes, which
         regulates usury; 

     (3) Repealing the bill on July 1, 2001; and

     (4) Making technical, nonsubstantive amendments for style
         and clarity.

     Your Committee on Conference is in accord with the intent
and purpose of H.B. No. 460, H.D. 2, S.D. 1, as amended herein,
and recommends that it pass Final Reading in the form attached
hereto as H.B. No. 460, H.D. 2, S.D. 1, C.D. 1.

                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
           SENATE                              HOUSE
                                   
                                   
                                   
______________________________     ______________________________
BRIAN T. TANIGUCHI, Co-Chair       RON MENOR, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
BRIAN KANNO, Co-Chair              BOB NAKASONE, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
SAM SLOM, Member                   LEI AHU ISA, Member
                                   
                                   
                                   
                                   ______________________________
                                   MARILYN B. LEE, Member

 
                            CONFERENCE COMMITTEE REPORT NO. 133
                            Page 3



                                   
                                   
                                   
                                   ______________________________
                                   PAUL WHALEN, Member