STAND. COM. REP. NO. 819

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 460
                                     H.D. 2




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

Sir:

     Your Committee on Finance, to which was referred H.B. No.
460, H.D. 1, entitled: 

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

begs leave to report as follows:

     The purpose of this bill is to regulate the practices of
check cashing businesses by:

     (1)  Establishing fee caps for check cashing;

     (2)  Requiring posted notices of fees for check cashing;

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

     (4)  Making violations of the check cashing law an unfair or
          deceptive act or practice.

     The Department of Commerce and Consumer Affairs and Life of
the Land testified in support of this measure.  AARP commented on
this measure.

     Your Committee has amended this bill by making a technical
amendment to prohibit advertisements that indicate that checks
will be cashed for a fee without identification.

 
 
 
 
 
                                 STAND. COM. REP. NO. 819
                                 Page 2

 

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
460, H.D. 1, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 460, H.D. 2.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair