CHAPTER 454

MORTGAGE BROKERS AND SOLICITORS

Section

454-1 Definitions

454-2 Exemptions

454-3 Licensing, requirements, application

454-3.1 Written agreements

454-3.5 Repealed

454-4 Suspension, revocation

454-5 Power to investigate and enjoin

454-6 Power of commissioner

454-7 Fees, commissions, and charges

454-8 Penalty, contracts void

Cross References

Sunset evaluations modified, see §§26H-4, 5.

Law Journals and Reviews

Timesharing in the 1990s. I HBJ No. 13, at pg. 89.

Case Notes

The broad language of §454-8, which expressly invalidates "any contract entered into by any person with any unlicensed mortgage broker", read in conjunction with the definition of "mortgage broker" as set forth in §454-1, compels the conclusion that a note and mortgage designating the broker as the creditor as a result of the broker's brokering activities falls within the proscription of this chapter. 96 H. 289, 30 P.3d 895.

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