No action shall be maintainable in any court of the State to recover compound interest upon any consumer credit transaction or upon any credit card agreement whatever.
Haw. Rev. Stat. § 478-7
Compound, not recoverable
Applied in 1 court decision — leading case In re Mortgage Store (2014)
Most recently applied in In re Mortgage Store (April 2014)
CC 1859, §1484; RL 1925, §3590; RL 1935, §7056; RL 1945, §8737; RL 1955, §191-7; HRS §478-7; 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.