Section 16-112-7 - Conducting business Each registrant conducting a collection agency business in this State shall:
(1) Be registered with the director as prescribed in section 16-112-6;(2) Maintain a regular active business office in this State as prescribed in section 16-112-11;(3) Designate a principal collector to assume responsibility for the direct management and control of the daily operation of the collection agency's office in this State as prescribed in section 16-112-10; and(4) Maintain a separate trust account for clients' funds in a federally insured financial institution as provided for in section 443B-8, HRS.[Eff 4/22/94] (Auth: HRS § 443B-2) (Imp: HRS §§ 443B-1, 443B-3, 443B-6, 443B-8)