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The bill would replace the loans that are high-interest installment loans that have reduced charges.
A bill to finish pay day loans in Hawaii and change these with reduced interest installment loans is on its option to the complete home and Senate for the vote after legislative negotiators reached an agreement in the measure Tuesday afternoon.
The ultimate form of home Bill 1192 enables consumers to take away an installment loan because high as $1,500 by having a 36% yearly interest limit, Rep. Weiterlesen