HRS §412:2-201
Using federal exam results for state checks
The state banking commissioner can use exam results from a federal agency instead of doing its own exam of a Hawaii financial institution, as long as the federal exam covers the same time or topic. This lets the state rely on federal work to avoid duplicate checks.
financial institutionsstate agencies
The statute, as written — Use of federal examinations
The commissioner may accept, adopt, or use in lieu of an examination prescribed by section 412:2-200 all or any part of the results of an examination conducted by a federal regulatory agency of a Hawaii financial institution for the same period or subject matter that would be covered by an examination required or permitted under this article.
Sections this one refers to
§412:2-200 State checks on financial institutions
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