§412:2-315  National or state emergencies.  (a) The emergency powers granted in this section may be invoked for the purpose ofprotecting the general public during any national or state emergency byassuring that Hawaii financial institutions subject to regulation by thecommissioner can operate in a safe and effective manner.

(b)  If the President of the United Statesdeclares a national emergency, by proclamation or otherwise, the commissionermay order some or all Hawaii financial institutions in the State to comply withany regulations, limitations or restrictions prescribed by the Secretary of theTreasury, the Comptroller of the Currency, the Federal Reserve Board, or otherfederal agency that would otherwise be applicable only to a federal financialinstitution.

(c)  If the governor declares a stateemergency, by proclamation or otherwise, the commissioner may order some or allHawaii financial institutions in the State to observe such temporary rules,limitations or restrictions as the commissioner may prescribe in order to copewith such emergency.

(d)  The commissioner may assess and collectfrom all affected Hawaii financial institutions their ratable share of theadministrative costs incurred by the division in its administration of anyemergency orders issued under this section.  Administrative costs assessedunder this section shall be deposited into the compliance resolution fundestablished under section 26-9(o).  The determination of the commissioner ofwhich Hawaii financial institution or institutions are "affected" andthe proration method the commissioner chooses to employ in making assessmentsunder this section may be appealed to the circuit court as provided in chapter91 by any Hawaii financial institution aggrieved thereby. [L 1993, c 350, pt of§1; am L 1996, c 207, §3; am L 1999, c 129, §9]

 

Rules of Court

 

  Appeals, see HRCP rule 72.