Financial Institutions

The Department of Commerce and Consumer Affairs (DCCA or Department) submits its Annual Compliance Resolution Fund (CRF) Report as mandated by Hawaii Revised Statutes (HRS) section 26-9(o).  The report describes use of the CRF for the fiscal year (FY) beginning July 1, 2017, and closing June 30, 2018, by presenting overviews of the functions and activities of core DCCA programs funded by the CRF.  In addition, the report provides a financial summary of expenditures from the CRF, including personnel and operating expenses and revenues received.[1]  The report complies with Act 100, Session Laws of Hawaii (SLH) 1999, which requires all state departments and agencies to identify their goals, objectives, and policies to provide a basis for determining priorities and allocating limited public funds and human resources.

The CRF is the primary funding source for the DCCA’s programs, and it relies upon the fees and fines from those programs instead of general tax revenues.  Pursuant to HRS section 26-9(o), fees shall be assessed and deposited into the CRF for issuance of a license, permit, certificate, registration, and subsequent renewals, together with all other fines, income, and penalties collected or reimbursement of costs or attorneys’ fees assessed from actions brought by the Department.  The Director of the DCCA may use the moneys in the CRF to employ and train hearings officers, investigators, attorneys, accountants, and other necessary personnel for CRF-funded operations, and the CRF shall defray all other administrative costs, including costs to operate the supporting offices of the DCCA.  The CRF may also fund any other activity relating to compliance resolution.

[1] CRF summary figures in this report are pre-close numbers.

The full report can be found here DCCA CRF.

2018 Annual CRF Report FINAL DFI only