§489D-9.5 - Limited exemption for financial institutions; financial institutions as authorized delegates. - Hawaii Statutes

     [§489D-9.5]  Limited exemption for financial institutions; financial institutions as authorized delegates.  (a)  Banks, bank holding companies, credit unions, building and loan associations, savings and loan associations, savings banks, financial services loan companies, and mutual banks organized under the laws of the United States or any state shall be exempt from the licensing and examination provisions of this chapter.

     (b)  An applicant or licensee may appoint an entity described in subsection (a) as an authorized delegate.

     (c)  When submitting an application for a license pursuant to section 489D-9, or when submitting an annual report pursuant to section 489D-12, an applicant or licensee that appoints an entity described in subsection (a) as an authorized delegate shall include that entity's name and the locations in this State where that entity will conduct its authorized delegate activities.

     (d)  When computing the application and license fees required to be paid pursuant to sections 489D-10 and 489D-12, an applicant or licensee that appoints an entity described in subsection (a) as an authorized delegate shall exclude all of the locations in this State where that entity will conduct its authorized delegate activities. [L 2008, c 195, pt of §1]