[CHAPTER 454F]

SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT

 

Section

   454F-1 Definitions

   454F-2 Exemptions

   454F-3 Requirement of licensure

   454F-4 License and registration; application; issuance

   454F-5 Issuance of license

   454F-6 Pre-licensing and re-licensing; education of mortgage

          loan originators

   454F-7 Testing of mortgage loan originators

   454F-8 Standards for license renewal

   454F-9 Continuing education; mortgage loan originators

  454F-10 Authority to require license

  454F-11 Nationwide Mortgage Licensing System; registry

          information; challenge process

  454F-12 Enforcement authorities; violations; penalties

  454F-13 Surety bond; required

  454F-14 Confidentiality

  454F-15 Investigation and examination authority

  454F-16 Mortgage call reports

  454F-17 Prohibited practices

  454F-18 Powers of commissioner

  454F-19 Unique identifier shown

  454F-20 Report to Nationwide Mortgage Licensing System

  454F-21 Fees and costs

 

Note

 

  Chapter effective July 1, 2010.  L Sp 2009, c 32, §13.

  L Sp 2009, c 32, §8 provides:

  SECTION 8.  Effective August 1, 2010:

(1) No new license shall be issued and no license renewal shall be effected under chapter 454, Hawaii Revised Statutes; and

(2) An individual who is subject to this Act [enacting chapter 454F and amending various sections of the Hawaii Revised Statutes] shall be required to be licensed under chapter 454F, Hawaii Revised Statutes, by such later date approved by the United States Department of Housing and Urban Development, pursuant to the authority granted under Public Law 110-289, section 1508(e).  As of the date that an individual is required to be licensed under chapter 454F, Hawaii Revised Statutes, the remaining pro rata balance of the fees paid by the individual under chapter 454, Hawaii Revised Statutes, shall be applied to the individual's fees due under chapter 454F, Hawaii Revised Statutes, until exhausted."

 

Revision Note

 

  Chapter was enacted as an addition to title 22 but is redesignated to title 25 pursuant to §23G-15(1).