Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1223, S.D. 2, entitled:

begs leave to report as follows:

The purpose of this bill is to change the service fee that may be assessed by a payee or holder in due course of a dishonored check, draft, or order.

The Credit Associates of Maui, Ltd., Pacific Collections, Doctors Business Bureau of Hawaii, Vericheck, and Collection Agency of Hawaii, Big Island, and MEDCAH, Inc., supported this measure with amendments. The Department of Commerce and Consumer Affairs provided comments.

Your Committee has amended this bill by:

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 S.B. No. 1223, S.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1223, S.D. 2, H.D. 1.