PART II. 
EXAMINATIONS



 



§412:2‑200  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. [L 1993, c 350, pt of §1]