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Code · Hawaii · Hawaii Revised Statutes

[§480J-13] Internet lending.

130 words·~1 min read·/hi/480j-13

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[§480J-13] Internet lending.
(a)An installment lender may advertise and accept applications for installment loans by any lawful medium, including the Internet, and shall provide all required notices and disclosures via the Internet, and the consumer may provide a valid electronic signature on the disclosures and loan agreement, subject to subsection (b).
(b)Installment lenders shall not advertise or make installment loans via the Internet without first having obtained a license pursuant to part II of this chapter.
(c)The unique identifier of any installment lender originating an installment loan, except a person who is exempt from licensure under this chapter, shall be clearly shown on all solicitations, including websites, and all other documents, as established by rule or order of the commissioner. [L 2021, c 56, pt of §2]
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