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  454-3.5 Repealed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.