HRS §412:2-200
State checks on financial institutions
The state finance commissioner must inspect every Hawaii financial institution at least every two years, or more often if needed. The check makes sure the institution is safe, legal, and can pay its debts. The institution's leaders and staff must help the inspector and share all needed records.
financial institutionsstate agencies
The statute, as written — Examinations
(a) The commissioner shall examine each Hawaii financial institution at least once every twenty-four months, or more frequently as the commissioner may determine. (b) The purpose of every examination shall be to ensure that such Hawaii financial institution is not engaging in illegal, unsafe, or unsound practices, that its management, business practices, and policies are prudent and sound, that it is able to meet all its obligations when due, and that it is complying with all applicable laws. With respect to examinations of nondepository financial services loan companies, the commissioner may limit the scope of the examination to compliance with all applicable laws and rules. (c) The commissioner shall have full access to the vaults, books and papers of each Hawaii financial institution being examined, except for the contents of safe deposit boxes leased to customers, and may make such inquiries as may be necessary to ascertain the condition of such institution. To the best of their knowledge and ability, and subject to the availability of privileges or immunities under state or federal law, all directors, incorporators, officers, employees, and agents of an institution being examined shall cooperate fully with the commissioner and the commissioner's examiners, shall answer all inquiries and shall furnish all information pertaining to such inquiries.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.