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Financial Services Law Insights and Observations

Hawaii amends motor vehicle service contract definition

State Issues State Legislation Auto Finance Service Contracts

State Issues

On July 2, the Hawaii governor signed HB 154, which clarifies that motor vehicle service contracts regulated by the Insurance Commissioner include contracts for certain motor vehicle repair and replacement services. The bill amends the law’s definition of “service contract” to include a specified list of repair or placement activities related to motor vehicles. The amendments are effective on July 1, 2020.