HRS §412:2-309
Consent order of removal or prohibition
This section lets a person connected to a financial institution give up their right to a hearing and agree to a permanent removal or prohibition order. The order takes effect on the date it says and stays in force until the commissioner changes or ends it.
financial institutions
The statute, as written — Consent order of removal or prohibition
Any institution-affiliated party may waive its rights to a hearing on any notice of charges by stipulating and consenting to the issuance of a permanent removal or prohibition order or by stipulating and consenting to the conversion of a temporary suspension order into a permanent removal or prohibition order. Any permanent removal or prohibition order issued by consent shall be effective as of the date specified therein and shall remain effective until modified or terminated by the commissioner.
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