HOUSE OF REPRESENTATIVES	H.B. NO.	2027
TWENTY-FIFTH LEGISLATURE, 2010		H.D. 1
STATE OF HAWAII		S.D. 1

A BILL FOR AN ACT

RELATING TO DISHONORED CHECKS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  Section 490:3-506.5, Hawaii Revised Statutes, is amended to read as follows:

"§490:3-506.5  Charges for dishonored checks.  The payee or a holder in due course of any check, draft, or order for the payment of money that has been dishonored for lack of funds or credit to pay the check, draft, or order or because the maker has no account with the drawee shall be allowed to assess the maker a [reasonable] service charge of not more than $30."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.

     SECTION 3.  This Act shall take effect on July 1, 2010.

Report Title:

Service Charges for Dishonored Checks

Description:

Clarifies that payees or holders in due course may assess a service charge up to $30 for a dishonored check.  (SD1)

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