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Hawaii · 2026 Regular Session · Bill

HB 262: RELATING TO INTEREST.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 262 is a bill introduced in the Hawaii House on January 16, 2025. According to its official title, it concerns: RELATING TO INTEREST. Primary sponsor: David Alcos (Republican). Most recent recorded action (December 8, 2025): Carried over to 2026 Regular Session.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Protects consumers, who are purchasing their first vehicle, from predatory interest rates by setting a maximum interest rate of two per cent for consumers with a credit score below six hundred and zero per cent for consumers with a credit score of six hundred or more. Authorizes existing avenues of redress from usury under chapter 478 to apply to this Act.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
David AlcosPrimary sponsorRepublicanHouse41

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Carried over to 2026 Regular Session.
  2. Referred to CPC, FIN, referral sheet 1
  3. Introduced and Pass First Reading.
  4. Pending introduction.

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source