HRS §412:1-104
Rules for using financial institution names
This section stops people and businesses from using names that make them look like a type of financial institution they are not. It applies to anyone using words like bank or credit union, and to financial institutions using names of other types. The state financial commissioner must approve such names.
businessesfinancial institutions
The statute, as written — Names
(a) Unless authorized to engage in business as a financial institution in this State of the type indicated by the name or as otherwise approved by the commissioner, no person may use any of the terms "financial institution", "bank", "savings bank", "savings and loan", "savings association", "financial services loan company", "credit union", "trust company", "intra-Pacific bank", "international banking corporation", words of similar import, or translations of such words, in a manner that might suggest or tend to lead others into believing that the person is a financial institution of the character indicated by the name. (b) No financial institution may use words designating another type of financial institution, words of similar import, or translations of these words, in a manner that suggests or tends to lead others into believing that it is that type of financial institution. (c) No financial institution may use a name except in accordance with section 412:3-101.
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