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Can you summarize 16 HIAR Chapter 25?
DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS > APPLICATION PROCEDURES RELATING TO HAWAII FINANCIAL INSTITUTIONS
Short Summary
The provided legal document content pertains to the application procedures relating to Hawaii financial institutions. It establishes the framework for application procedures and defines key terms related to Hawaii financial institutions. The document covers various types of applications, including proposed new financial institutions, establishment of branches or agencies, relocation of principal office/branch/agency, sale or acquisition of assets, transfer or assumption of liabilities and deposits, merger or consolidation with another company, and any other application deemed appropriate by the commissioner. However, credit unions are exempted from the provisions of this subchapter. The document does not specify any penalties for non-compliance or violation.
Whom does it apply to?
Proposed new financial institutions, establishment of branches or agencies, relocation of principal office/branch/agency, sale or acquisition of assets, transfer or assumption of liabilities and deposits, merger or consolidation with another company, and any other application deemed appropriate by the commissioner
What does it govern?
Application procedures relating to Hawaii financial institutions
What are exemptions?
Credit unions are exempted from the provisions of this subchapter
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Hawaii