Application Fees for New Financial Institutions

Below is a fee schedule for applications of proposed new financial institutions to be chartered or licensed by DFI. All fees are nonrefundable and must be paid by check made payable to the "Department of Commerce and Consumer Affairs, State of Hawaii". The appropriate fee must accompany the application.

FEE SCHEDULE FOR PROPOSED NEW FINANCIAL INSTITUTIONS:

For preliminary approval to organize as a bank -- $9,000 application fee (authorized by Section 412:3-201(c), Hawaii Revised Statutes ("HRS").

For preliminary approval to organize as a savings bank -- $9,000 application fee (authorized by Section 412:3-201(c), HRS).

For preliminary approval to organize as a savings and loan association -- $9,000 application fee (authorized by Section 412:3-201(c), HRS).

For preliminary approval to organize as a trust company --$9,000 application fee (authorized by Section 412:3-201(c), HRS).

For preliminary approval to organize and for license to engage in business as a depository financial services loan company -- $9,000 application fee (authorized by Section 412:3-201(c), HRS); $50 license fee (authorized by Section 412:9-102, HRS).

For charter to organize as a credit union -- $20 application fee (authorized by Section 412:10-103(c), HRS and Section 16-25-17(1), Hawaii Administrative Rules ("HAR").

For license to engage in business as a nondepository financial services loan company -- $5,000 application fee (authorized by Section 412:3-301(c), HRS); $50 license fee (authorized by Section 412:9-102, HRS).

For license to establish and maintain a Hawaii state branch or Hawaii state agency of a foreign bank -- $9,000 application fee (authorized by Section 412:13-206, HRS).

For license to establish and maintain a Hawaii representative office of a foreign bank -- $1,500 application fee (authorized by Section 412:13-216(a), HRS).

Research Aids:
Unofficial booklets containing relevant excerpts of the Hawaii Revised Statutes (HRS) and Hawaii Administrative Rules (HAR) may be ordered using the DFI Form M - Publication-by-Mail-Order Form, or are available for purchase at the DFI Office. To see a list of available booklets, go to "Available Reports and Publications".

For online access to the Hawaii Revised Statutes ("HRS"), go to www.capitol.hawaii.gov and select "Status & Documents". If you use the Search feature, then in the "Search the HRS text for" box, enter key words descriptive of the statute you wish to access. If you use the Browse feature and wish to see Chapter 412, HRS, click on "Browse", click on "Vol08", then click on "hrs412_CFI". CAUTION: Statutes amended or repealed as a result of a recent Legislative Session may not be updated as yet in the online Hawaii Revised Statutes.

For online access to Title 16 of the Hawaii Administrative Rules, go to www.hawaii.gov/dcca/main/har. NOTICE: The Hawaii Administrative Rules are in the process of being updated. Where there is any conflict between a statute and an administrative rule, the statute prevails.

If you need assistance in accessing state government documents online, please call the Public Access Room of the Legislative Reference Bureau at (808) 587-0478, or e-mail par@capitol.hawaii.gov.