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Hawaii Revised Statutes
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Code of Financial Institutions
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Section
412:1-100
Short title.
Section
412:1-101
Purpose.
Section
412:1-102
Scope and application of chapter.
Section
412:1-103
Application to existing financial institutions.
Section
412:1-104
Names.
Section
412:1-105
Deposits.
Section
412:1-106
Headings; references.
Section
412:1-107
Particular provisions prevail.
Section
412:1-108
Jurisdiction conferred upon circuit court.
Section
412:1-109
Definitions.
Section
412:2-100
Commissioner of financial institutions; division of financial institutions.
Section
412:2-100.5
Powers of the commissioner.
Section
412:2-101
Deputy commissioner, acting commissioner.
Section
412:2-102
Examiners and other personnel.
Section
412:2-103
Disqualifications.
Section
412:2-104
Confidentiality of information possessed by commissioner.
Section
412:2-105
Fees.
Section
412:2-105.1
REPEALED.
Section
412:2-105.2
Hawaii financial institutions; assessments; fees; penalty.
Section
412:2-106
Public or private hearings.
Section
412:2-107
Rules.
Section
412:2-108
Alternative mortgage loans rules.
Section
412:2-109
Compliance resolution fund; financial institution examiners.
Section
412:2-110
Emergency applications.
Section
412:2-111
Commissioner's power to subpoena.
Section
412:2-200
Examinations.
Section
412:2-201
Use of federal examinations.
Section
412:2-300
Enforcement actions.
Section
412:2-301
Joint enforcement with federal regulatory agency.
Section
412:2-302
Cease and desist orders; grounds for issuance.
Section
412:2-303
Permanent cease and desist orders; procedure; hearing; enforcement.
Section
412:2-304
Temporary cease and desist orders; effective date; hearing; enforcement.
Section
412:2-305
Consent cease and desist orders.
Section
412:2-306
Removal or prohibition of institution-affiliated party; grounds.
Section
412:2-307
Removal or prohibition of institution-affiliated party; procedure; hearing; enforcement.
Section
412:2-308
Order of immediate suspension; procedure; effective date; hearing; enforcement.
Section
412:2-309
Consent order of removal or prohibition.
Section
412:2-310
Removal, prohibition, or suspension; effect of order.
Section
412:2-311
Suspension or revocation of charter or license.
Section
412:2-312
Suspension or revocation; procedure; hearing; enforcement.
Section
412:2-313
Consent suspension and revocation order.
Section
412:2-314
Action to correct capital and surplus impairment.
Section
412:2-315
National or state emergencies.
Section
412:2-400
Grounds for appointment of conservator or receiver.
Section
412:2-401
Appointment of conservator or receiver; judicial review.
Section
412:2-402
Additional grounds for appointment.
Section
412:2-403
Who may serve as conservator or receiver.
Section
412:2-404
Federal insurer as conservator or receiver; subrogation.
Section
412:2-405
Removal or replacement of conservator or receiver.
Section
412:2-406
Compensation and expenses of conservator or receiver.
Section
412:2-407
Stay of judicial proceedings.
Section
412:2-408
Duties and powers of conservator.
Section
412:2-409
Conservator's segregation of deposits.
Section
412:2-410
Supervised reorganization.
Section
412:2-411
Termination of conservatorship.
Section
412:2-412
Duties and powers of receiver.
Section
412:2-413
No interest on deposits of an institution in receivership.
Section
412:2-414
Optional court supervision.
Section
412:2-415
Notice of receivership; filing of claims.
Section
412:2-416
Liquidation by receiver; priority of claims.
Section
412:2-417
Final accounting and discharge.
Section
412:2-418
Transfer of assets in contemplation of insolvency void.
Section
412:2-419
Treatment of lessors.
Section
412:2-420
Claims for wrongful termination of employment.
Section
412:2-421
Bailments and safe deposit boxes in receivership.
Section
412:2-500
Definitions.
Section
412:2-501
Commissioner's determination of failing institution.
Section
412:2-502
Solicitation of purchasers.
Section
412:2-503
Applications to purchase.
Section
412:2-504
Granting of application; criteria for approval.
Section
412:2-505
Waiver of statewide concentration limits under the Bank Holding Company Act of 1956, as amended.
Section
412:2-506
Charter or license.
Section
412:2-507
Expedited approvals.
Section
412:2-508
Provisional approval to organize.
Section
412:2-509
Effect of merger or acquisition on prior business, title and obligations.
Section
412:2-510
Commissioner's powers.
Section
412:2-511
Modification of time periods.
Section
412:2-512
REPEALED.
Section
412:2-600
Applicability of part.
Section
412:2-601
Violation of chapter.
Section
412:2-602
Copying records of Hawaii financial institutions.
Section
412:2-603
Disclosures of records of Hawaii financial institutions.
Section
412:2-604
Concealment.
Section
412:2-605
REPEALED.
Section
412:2-606
Witness; failure to testify or produce records.
Section
412:2-606.5
Financial institution name fraud.
Section
412:2-607
Deception; false statements.
Section
412:2-608
Misapplication of funds.
Section
412:2-609
Imposition of administrative fines; assessment.
Section
412:2-609.5
Imposition of administrative fines on persons who are not Hawaii financial institutions; assessment.
Section
412:2-610
Compromise or modification of administrative fines; determining amount of fine; hearing.
Section
412:2-611
Action to recover administrative fines; deposit to compliance resolution fund.
Section
412:3-100
Applicability of this part.
Section
412:3-101
Name of financial institution.
Section
412:3-102
Change of name.
Section
412:3-103
REPEALED.
Section
412:3-104
Qualifications of directors.
Section
412:3-105
Election and appointment of executive officers.
Section
412:3-106
Residency of chief executive officer.
Section
412:3-107
Meetings of the board.
Section
412:3-108
Generally accepted accounting principles.
Section
412:3-109
Charging down assets.
Section
412:3-110
Holding of assets.
Section
412:3-111
Maintenance of books and records.
Section
412:3-111.5
Request for information by the commissioner.
Section
412:3-112
Submissions to commissioner.
Section
412:3-113
REPEALED.
Section
412:3-114
Duty to report illegal acts.
Section
412:3-114.5
Mandatory reporting of suspected financial abuse of an elder.
Section
412:3-115
REPEALED.
Section
412:3-200
Applicability of part.
Section
412:3-201
Application for preliminary approval to organize a financial institution.
Section
412:3-202
Additional requirements for holding company.
Section
412:3-203
Deferral of application requirements.
Section
412:3-204
Publication of notice.
Section
412:3-205
Informational and comment proceeding on application.
Section
412:3-206
Grant of preliminary approval to organize a financial institution.
Section
412:3-207
Denial of preliminary approval to organize.
Section
412:3-208
REPEALED.
Section
412:3-209
Paid-in capital and surplus.
Section
412:3-210
REPEALED.
Section
412:3-211
Time limit to complete organization.
Section
412:3-212
Final application for charter or license.
Section
412:3-213
Denial of charter or license.
Section
412:3-300
Applicability of part.
Section
412:3-301
Application for license.
Section
412:3-302
Publication of notice.
Section
412:3-303
Informational and comment proceeding.
Section
412:3-304
Grant of approval.
Section
412:3-305
Denial of license.
Section
412:3-306
Paid-in capital and surplus.
Section
412:3-400
Applicability of part.
Section
412:3-401
Applicability of Hawaii Business Corporation Act.
Section
412:3-402
Capital stock.
Section
412:3-403
Dividends and other capital distributions.
Section
412:3-500
Prohibition of business at unauthorized locations.
Section
412:3-501
Authorized places of business.
Section
412:3-502
Foreign financial institution.
Section
412:3-503
Opening or relocating principal office, branch, or agency.
Section
412:3-504
Notice and deadline for opening or relocating principal office, branch, or agency.
Section
412:3-505
Opening or relocating out-of-state branch or agency.
Section
412:3-506
Opening or relocating a support facility
Section
412:3-507
Closing branch or agency; temporary closures and relocations.
Section
412:3-508
Closing a support facility.
Section
412:3-509
Out-of-state branch or agency.
Section
412:3-600
Applicability of this part.
Section
412:3-601
No conversions, mergers, consolidations, acquisitions, assumptions, voluntary cessations of business, or voluntary dissolutions except pursuant to this part.
Section
412:3-602
Definitions.
Section
412:3-603
Procedure for applications pursuant to this part.
Section
412:3-604
Shareholder or member vote.
Section
412:3-605
Notice to credit union member.
Section
412:3-606
Conversion from State to comparable federal financial institution.
Section
412:3-607
Conversion from federal to comparable Hawaii financial institution.
Section
412:3-608
Conversion to another type of financial institution.
Section
412:3-609
Merger or consolidation of Hawaii financial institutions.
Section
412:3-610
Effect of conversion, merger, or consolidation.
Section
412:3-611
Merger or consolidation of financial institution holding companies.
Section
412:3-612
Acquisition of control of financial institution or financial institution holding company.
Section
412:3-613
Sale or acquisition of assets and transfer or assumption of liabilities.
Section
412:3-614
Sale or transfer of charter or license prohibited.
Section
412:3-615
Nonconforming assets or business.
Section
412:3-616
Authority for expedited conversion, merger, consolidation, acquisition, or assumption.
Section
412:3-617
Voluntary cessation of business; dissolution.
Section
412:3-618
Injunctions.
Section
412:4-100
Law applicable.
Section
412:4-101
Forms of deposit.
Section
412:4-102
Deposit account statements.
Section
412:4-103
Statements presumed correct after one year; statute of limitations.
Section
412:4-104
Federal deposit insurance required.
Section
412:4-105
Accounts held in more than one name.
Section
412:4-106
Fiduciary accounts.
Section
412:4-107
Accounts of minors.
Section
412:4-108
No notice of incapacity.
Section
412:4-109
Checks drawn or transfers or withdrawals made by authorized persons.
Section
412:4-110
Checks drawn or transfers or withdrawals made by intoxicated persons.
Section
412:4-111
Accounts of deceased nonresidents.
Section
412:4-112
Pledging of assets
Section
412:4-113
Savings promotion or prize-linked savings contest.
Section
412:5-100
Definition.
Section
412:5-101
Necessity for bank charter.
Section
412:5-200
General powers.
Section
412:5-201
Powers granted under federal law.
Section
412:5-202
Membership in federal banks.
Section
412:5-203
Operating subsidiaries.
Section
412:5-204
Acceptances of drafts and bills of exchange.
Section
412:5-205
Authority to engage in trust business.
Section
412:5-205.5
Insurance and annuities powers.
Section
412:5-205.6
Requirements of banks engaging in insurance activities.
Section
412:5-205.7
Securities powers.
Section
412:5-206
International banking facilities.
Section
412:5-300
Applicability of part.
Section
412:5-301
General requirements for loans.
Section
412:5-302
Limitations on loans and extensions of credit to one borrower.
Section
412:5-303
Loans to executive officers, directors, principal shareholders and affiliates.
Section
412:5-304
General requirement for investments.
Section
412:5-305
Permitted investments.
Section
412:5-306
Deposits made by banks.
Section
412:5-400
Definitions.
Section
412:5-401
Required approval.
Section
412:5-402
Procedure to obtain approval.
Section
412:5-403
Examination and regulation.
Section
412:5-404
Termination of authority of intra-Pacific bank.
Section
412:5-405
Termination of authority of intra-Pacific bank holding company.
Section
412:5-406
Paid-in capital and surplus.
Section
412:5-407
Same powers and duties as banks.
Section
412:5A-100
Applicability of other provisions of this chapter.
Section
412:5A-200
Scope and definitions.
Section
412:5A-201
Application; fee; approval.
Section
412:5A-202
Majority ownership by bank.
Section
412:5A-203
Paid-in capital and surplus.
Section
412:5A-204
Prohibition of business in United States.
Section
412:5A-205
Powers and duties.
Section
412:5A-206
Acceptance of deposits and reserves.
Section
412:5A-207
Deposit of corporate funds.
Section
412:5A-208
Limitation on investments.
Section
412:5A-209
Acquisition of stock in competing corporation.
Section
412:5A-210
Acquisition of stock to save a loss.
Section
412:5A-211
Prohibited corporate activities.
Section
412:5A-212
Improper discounting of loans.
Section
412:5A-213
Improper fixing of commodity prices.
Section
412:5A-214
Misrepresentation of state liability for bonds.
Sections
412:5A-300 to 316
REPEALED.
Section
412:6-100
Definition.
Section
412:6-101
Necessity for savings bank charter.
Section
412:6-200
General powers.
Section
412:6-201
Powers granted under federal law.
Section
412:6-202
Membership in federal home loan bank.
Section
412:6-203
Service corporations.
Section
412:6-204
Operating subsidiaries.
Section
412:6-300
Applicability of part.
Section
412:6-301
General requirements for loans.
Section
412:6-302
Requirements and limits for certain loans.
Section
412:6-303
Limitations on loans and extensions of credit to one borrower.
Section
412:6-304
Loans and extensions of credit to executive officers, directors, principal shareholders and affiliates
Section
412:6-305
General requirement for investments.
Section
412:6-306
Permitted investments.
Section
412:6-307
Deposits made by savings banks.
Section
412:7-100
Definition.
Section
412:7-101
Necessity for savings and loan association charter.
Section
412:7-200
General powers.
Section
412:7-201
Powers granted under federal law.
Section
412:7-202
Membership in federal home loan bank.
Section
412:7-203
Service corporations.
Section
412:7-204
Operating subsidiaries.
Section
412:7-300
Applicability of part.
Section
412:7-301
General requirements for loans.
Section
412:7-302
Requirements and limits for certain loans.
Section
412:7-303
Limitations on loans and extensions of credit to one borrower.
Section
412:7-304
Loans and extensions of credit to executive officers, directors, principal shareholders and affiliates.
Section
412:7-305
General requirement for investments.
Section
412:7-306
Permitted investments.
Section
412:7-307
Deposits made by savings and loan associations.
Sections
412:7-400 to 408
REPEALED.
Section
412:8-100
Applicability of article.
Section
412:8-101
Definitions.
Section
412:8-102
Necessity for trust company charter.
Section
412:8-103
Authority to serve as trustee
Section
412:8-200
General powers.
Section
412:8-201
Fiduciary powers.
Section
412:8-202
Acting as agent.
Section
412:8-203
Use of nominees.
Section
412:8-204
Agreement between trust companies and banks.
Section
412:8-300
Applicability of part.
Section
412:8-301
Permitted investments of capital and surplus.
Section
412:8-302
Deposits made by trust companies.
Section
412:8-400
General requirements.
Section
412:8-401
Trust funds awaiting investment.
Section
412:8-402
Common trust fund investments.
Section
412:8-403
Disclosure of fees.
Section
412:9-100
Definitions.
Section
412:9-101
Necessity for financial services loan company license.
Section
412:9-102
REPEALED.
Section
412:9-103
Display of license.
Section
412:9-200
General powers.
Section
412:9-201
Powers that require regulatory approval.
Section
412:9-202
Prohibitions.
Section
412:9-300
General requirements for loans and extensions of credit.
Section
412:9-301
Interest computation methods.
Section
412:9-302
Interest rates.
Section
412:9-303
Effect of excessive interest.
Section
412:9-304
Consumer loan charges.
Section
412:9-305
Open-end consumer loans.
Section
412:9-306
Refunds on prepayment of a precomputed loan.
Section
412:9-307
Fraction of a month.
Section
412:9-308
Repayment terms.
Section
412:9-309
Assignments, sale or pledge of loans.
Section
412:9-400
Special powers of a depository financial services loan company.
Section
412:9-401
Required reserve for a depository financial services loan company
Section
412:9-402
Membership in federal home loan bank.
Section
412:9-403
Service corporations
Section
412:9-404
Limitations on loans and extensions of credit to one borrower
Section
412:9-405
Loans and extensions of credit fully secured by real property.
Section
412:9-406
REPEALED.
Section
412:9-407
Limits on transactions with affiliates, executive officers, directors or principal shareholders.
Section
412:9-408
General requirement for investments.
Section
412:9-409
Permitted investments.
Section
412:9-410
Deposits made by depository financial services loan companies.
Section
412:9-500
Prohibitions.
Section
412:9-501
Registration of nondepository financial services loan companies with NMLS.
Section
412:10-100
Definitions.
Section
412:10-101
Necessity for credit union charter.
Section
412:10-102
Capital stock or surplus.
Section
412:10-103
Application for charter.
Section
412:10-104
Articles and bylaws.
Section
412:10-105
Disclosure of information.
Section
412:10-106
Deposit and share insurance.
Section
412:10-107
Grant of approval.
Section
412:10-108
Denial of charter.
Section
412:10-109
Membership.
Section
412:10-110
Membership meetings.
Section
412:10-111
Voting.
Section
412:10-112
Board of directors.
Section
412:10-113
No compensation of directors or committee members.
Section
412:10-114
Credit committee.
Section
412:10-115
Credit manager.
Section
412:10-116
Loan officers.
Section
412:10-117
Supervisory committee.
Section
412:10-118
Record of officials.
Section
412:10-119
Conflicts of interest.
Section
412:10-120
Suspension or removal of officials.
Section
412:10-121
Central credit unions.
Section
412:10-122
Taxation.
Section
412:10-123
Fiscal year.
Section
412:10-124
Conducting business outside this State.
Section
412:10-125
REPEALED.
Section
412:10-200
General powers.
Section
412:10-201
Powers granted under federal law.
Section
412:10-202
Credit union service organizations.
Section
412:10-203
Sale or purchase of obligations or notes.
Section
412:10-204
Sale or purchase of assets.
Section
412:10-300
Applicability of other provisions of this chapter.
Section
412:10-301
Share accounts and membership shares.
Section
412:10-302
Dividends.
Section
412:10-303
Deposit accounts.
Section
412:10-304
Withdrawals.
Section
412:10-305
Minor accounts.
Section
412:10-306
Joint accounts.
Section
412:10-307
Trust accounts.
Section
412:10-308
Payable-on-death accounts.
Section
412:10-309
Liens.
Section
412:10-310
Dormant accounts.
Section
412:10-400
Applicability of part.
Section
412:10-401
General requirements for loans.
Section
412:10-402
Loans to members.
Section
412:10-403
Interest rates.
Section
412:10-404
Other charges.
Section
412:10-405
Applications.
Section
412:10-406
Prepayment of loan.
Section
412:10-407
Limitations on obligations of one borrower.
Section
412:10-408
Loans to officials.
Section
412:10-409
Real estate mortgage loans.
Section
412:10-410
Lines of credit.
Section
412:10-411
Loans to other credit unions.
Section
412:10-412
Participation loans.
Section
412:10-413
Other loan programs.
Section
412:10-500
Applicability of part.
Section
412:10-501
General requirement for investments.
Section
412:10-502
Permitted investments.
Section
412:10-503
Deposits made by credit unions.
Section
412:10-600
Regular reserve.
Section
412:10-601
Special reserves.
Section
412:10-602
Risk assets.
Section
412:10-700
Insurance for members.
Section
412:10-701
Liability insurance for officers
Section
412:10-702
Group purchasing
Section
412:10-703
Money-type instruments
Section
412:10-704
Retirement accounts
Section
412:10-800
Application of part.
Section
412:10-801
Purposes.
Section
412:10-802
Membership.
Section
412:10-803
Organization.
Section
412:10-804
Management and operation of corporate credit union.
Section
412:10-805
Powers.
Section
412:10-806
Participation in central system.
Section
412:10-807
Collection on loans to members.
Section
412:10-808
Meetings.
Section
412:11-100
Applicability of article.
Section
412:11-101
Registration and reporting of financial institution holding companies.
Section
412:11-102
Examination of financial institution holding company.
Section
412:11-103
Use of state or federal examinations.
Section
412:11-104
Service of process.
Section
412:11-105
Sanctions for failure to register or submit reports.
Section
412:11-106
Injunctions.
Section
412:12-100
Purpose.
Section
412:12-101
Definitions.
Section
412:12-102
Authority of Hawaii state banks to establish interstate branches by merger.
Section
412:12-103
Authority of Hawaii state banks to establish a de novo interstate branch or acquire an interstate branch.
Section
412:12-104
Authority of out-of-state banks to establish interstate branches in Hawaii by merger.
Section
412:12-105
Authority of out-of-state banks to establish a de novo interstate branch or acquire an interstate branch.
Section
412:12-106
No concentration limit under Hawaii state law; waiver of federal concentration limits.
Section
412:12-107
Powers; additional branches.
Section
412:12-108
Examinations; periodic reports; cooperative agreements; assessment of fees.
Section
412:12-109
Enforcement.
Section
412:12-110
Notice of subsequent merger, etc.
Section
412:13-100
Title and purpose.
Section
412:13-101
Application to existing foreign banks.
Section
412:13-102
Definitions.
Section
412:13-200
Purpose.
Section
412:13-201
Branches and agencies of foreign banks; necessity of licensure.
Section
412:13-202
Application to establish and maintain a branch or agency; contents.
Section
412:13-203
Application to establish and maintain a branch or agency; manner of filing and determination.
Section
412:13-204
Denial of license.
Section
412:13-205
Amended license to establish and maintain a branch or agency.
Section
412:13-206
Application fees.
Section
412:13-207
No concurrent maintenance of federal branches or agencies.
Section
412:13-208
Powers of branch and agency.
Section
412:13-209
Filing of amendments to articles of incorporation.
Section
412:13-210
Separate assets.
Section
412:13-211
Disclosure of lack of deposit insurance.
Section
412:13-212
Limitations on payment of interest on deposits.
Section
412:13-213
Pledge of assets.
Section
412:13-214
Asset maintenance.
Section
412:13-215
Representative office of foreign banks; necessity of licensure.
Section
412:13-216
Representative office; application.
Section
412:13-217
Representative office; factors for approval of application.
Section
412:13-218
Representative office; permissible activities.
Section
412:13-219
Posting of license.
Section
412:13-220
Licenses not transferable.
Section
412:13-221
Change of control of foreign bank.
Section
412:13-222
Relocation of office; written application necessary.
Section
412:13-223
Examination; payment of fees.
Section
412:13-224
Supervision and enforcement.
Section
412:13-225
Reports.
Section
412:13-226
Books, accounts, and records.
Section
412:13-227
Voluntary closure of branch, agency, or representative office; application.
Section
412:13-228
Suspension or revocation of license; grounds; procedures.
Section
412:13-229
Immediate suspension or revocation.
Section
412:13-230
Seizure of foreign bank's property and business; liquidation.
Section
412:13-300
Purposes.
Section
412:13-301
Establishment of interstate branches in this State by out-of-state foreign banks.
Section
412:14-100
Automated teller machine fees.