Hawaii House Bill 1049: Relating To The Money Transmitters Modernization Act.

Hawaii · 2026 Regular Session

What it does

Includes, for purposes of the Money Transmitters Modernization Act, receivables due from payment processors for certain debit or credit card transactions. Clarifies the calculation of tangible net worth. Changes the initial annual fee assessed upon the submission of the application to an initial fee assessed upon the approval of the application. Effective 7/1/3000. (HD1)

Latest action

Carried over to 2026 Regular Session. (2025-12-08)

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