Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Consumer Protection and Commerce, to which was referred S.B. No. 841 entitled:

begs leave to report as follows:

The purpose of this bill is to repeal the sunset date of the act authorizing the regulation of check cashing enterprises.

Cash in Advance, Inc., and Check 'n Go, Inc., submitted testimony in support of this bill. The Department of Commerce and Consumer Affairs submitted comments.

Your Committee finds that check cashing enterprises provide a service that benefits their clientele. However, the business clearly has the potential to take unfair advantage of their clients. This measure would allow the state to continue to protect consumers of check cashing services through oversight of the check cashing industry.

Your Committee has amended this bill by changing the effective date to June 30, 2001.

As affirmed by the record of votes of the members of your Committee on Consumer Protection and Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 841, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 841, H.D. 1, and be placed on the calendar for Third Reading.