Any person who directly or indirectly receives any interest or finance charge at a rate greater than that permitted by law or who, by any method or device whatsoever, receives or arranges for the receipt of interest or finance charge at a greater rate than that permitted by law on any credit transaction shall be guilty of usury and shall be fined not more than $250, unless a greater amount is allowed by law, or imprisoned not more than one year, or both.
Haw. Rev. Stat. § 478-6
Usury; penalty
Applied in 1 court decision — leading case 691 F. Supp. 247 - GWC Restaurants, Inc. v. Hawaiian Flour Mills, Inc. (1988)
Most recently applied in 691 F. Supp. 247 - GWC Restaurants, Inc. v. Hawaiian Flour Mills, Inc. (April 1988)
L 1905, c 38, §1; RL 1925, §3589; am L 1933, c 72, §1; RL 1935, §7055; am L 1937, c 222, §1; RL 1945, §8736; RL 1955, §191-6; HRS §478-6; gen ch 1985; am L 1986, c 137, pt of §1…
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.