§454F-10 - Authority to require license. - Hawaii Statutes

     [§454F-10]  Authority to require license.  In addition to any other duties imposed upon the commissioner, the commissioner shall require mortgage loan originators to be licensed and registered through the Nationwide Mortgage Licensing System.  The commissioner is authorized to participate in the Nationwide Mortgage Licensing System.  The commissioner may establish by rule pursuant to chapter 91, requirements for mortgage loan originators, including:

     (1)  Background checks of:

         (A)  Criminal history through fingerprint or other databases;

         (B)  Civil or administrative records;

         (C)  Credit history; and

         (D)  Any other source deemed necessary by the Nationwide Mortgage Licensing System and Registry;

     (2)  Fees to apply for or renew licenses through the Nationwide Mortgage Licensing System;

     (3)  The setting or resetting as necessary of license renewal and reporting dates;

     (4)  Requirements for amending or surrendering a license; and

     (5)  Any other activity the commissioner deems necessary to participate in the Nationwide Mortgage Licensing System. [L Sp 2009, c 32, pt of §2]