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Hawaii · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Haw. Rev. Stat. § 412:5A-212: Improper discounting of loans.

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Where this section sits in the code
  1. Hawaii Code
  2. Division 2
  3. Title 22
  4. Chapter 412

No officer, director, agent or employee of an international banking corporation shall directly or indirectly, as an individual, purchase any loan or other obligation at a discount, or make any loan using a receivable as collateral, when such person knows that the loan or other obligation has been offered to the corporation and has been refused. Any violation of this section shall subject the violator to a civil penalty equal to twice the amount of the consideration given for the loan.

Collected 2026-09-14T18:32:11Z. Source file · JSON

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