Hawaii Revised Statutes 412:2-600 – Applicability of part

(a) The provisions of this part shall apply to all Hawaii financial institutions and to such other persons as shall, by violating any of the provisions of this part, be subject to the penalties and administrative fines provided in this part. The provisions of this part shall be in addition to the prohibitions set forth elsewhere in this chapter.

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Terms Used In Hawaii Revised Statutes 412:2-600

Commissioner: means the commissioner of financial institutions of this State. See Hawaii Revised Statutes 412:1-109
Contract: A legal written agreement that becomes binding when signed.
this State: means the State of Hawaii, its political subdivisions, agencies, and departments. See Hawaii Revised Statutes 412:1-109

(b) If a contract is made or any other act is done or omitted in good faith reliance on an interpretation of this chapter made by the supreme court of this State or in a rule duly adopted by the commissioner pursuant to chapter 91, no penalty imposed by this chapter shall apply, notwithstanding that after such contract is made, such interpretation or rule is amended, rescinded, or determined by judicial or other authority to be invalid for any reason.

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Hawaii Revised Statutes 412:2-600 – Applicability of part

Terms Used In Hawaii Revised Statutes 412:2-600

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