HRS §412:9-307
How to count a partial month for loan interest
This section says that when a lender calculates interest, late fees, or refunds on certain precomputed loans, it may treat a partial month as a full month. This only applies to loans covered by the specific sections listed. It does not set any other rules.
borrowers
The statute, as written — Fraction of a month
In computing interest, late charges, or refunds for precomputed loans under sections 412:9-302, 412:9-304 and 412:9-306 any fraction of a month may be considered as a whole month.
Sections this one refers to
§412:9-302 Interest rate limits for financial services loans
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.