Hawaii Revised Statutes Division 2. Business § 480J-8

(a) An installment loan may be renewed only once. After one renewal, the consumer shall pay the debt in cash or its equivalent.

(b) Upon renewal of an installment loan, the lender may renew up to $1,500 of the remaining unpaid principal balance. If the unpaid balance on renewal is more than $1,500, the consumer may be required to pay the remaining balance; provided that the lender shall not finance any amount over $1,500. The total amount of loan charges for the renewed loan shall meet the requirements of section 480J-2, with the understanding that the total amount of loan charges an installment lender may charge, collect, or receive in connection with the renewal of an installment loan shall not exceed fifty per cent of the renewal principal loan amount. If the installment loan is renewed prior to the maturity date, the lender shall refund to the consumer a prorated portion of the finance charge based upon the ratio of time left before maturity to the loan term.