Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 112 - COLLECTION AGENCIES
Subchapter 3 - TRUST ACCOUNTS, FIDUCIARY RESPONSIBILITY, RECORDS, AUDIT
Section 16-112-15 - Maintenance of records of funds and chattels

Universal Citation: HI Admin Rules 16-112-15

Current through February, 2024

Each collection agency shall maintain, at its regular active business office in this State, permanent records or have immediate access to permanent records of all of its receipts and disbursements of funds for each customer or copies thereof. Such records shall be kept for a period of at least six years. The records shall clearly indicate the following:

(1) Date of the receipt of the funds to be held in trust or chattels to be held;

(2) A description of the type of funds held in trust or chattels held;

(3) The name of the debtor from whom the funds held in trust or chattels were received;

(4) The name of the client for whose benefit the funds or chattels are being held;

(5) The date and to whom the funds or chattels were or will be delivered; and

(6) Other pertinent information concerning funds and chattels.

Disclaimer: These regulations may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.