Act 56 banned the traditional cash advance model in 2022, replacing it with 36%-capped installment loans.
What a Cash Advance Costs in Hawaii
Any traditional deferred-deposit cash advance contract signed after January 1, 2022 is illegal in Hawaii under Act 56.
Loan Size, Term, and Renewal Rules
In its place, licensed lenders can offer installment loans up to $1,500, repayable over 2-12 months, capped at 36% APR.
| Factor | Rule |
|---|---|
| Traditional cash advances | Illegal since Jan. 1, 2022 |
| Legal alternative | Installment loans up to $1,500, 36% APR cap |
Verify current rules with the Hawaii Department of Commerce and Consumer Affairs before applying with any lender — this summary is for general information only, not legal advice.
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