HRS §412:9-407
Rules for loans and deals with insiders
This section says a depository financial services loan company cannot make loans or do business with its affiliates, executive officers, directors, or major shareholders if that would break federal banking laws. It points to specific federal rules that set the limits.
financial institutions
The statute, as written — Limits on transactions with affiliates, executive officers, directors or principal shareholders
No depository financial services loan company shall make any loan and extension of credit or engage in any transaction in violation of section 18j of the Federal Deposit Insurance Act, 12 U.S.C. §1828(j) or sections 22(g), 22(h), 23A or 23B of the Federal Reserve Act, 12 U.S.C. §§375a, 375b, 371c and 371c-1.
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