2011 Hawaii Code
DIVISION 2. BUSINESS
TITLE25. PROFESSIONS AND OCCUPATIONS
454F. Secure and Fair Enforcement for Mortgage Licensing Act
§ 454F-22 Mortgage loan originator, mortgage loan originator company, and exempt sponsoring mortgage loan originator company fees.

§ 454F-22 Mortgage loan originator, mortgage loan originator company, and exempt sponsoring mortgage loan originator company fees. (a) A mortgage loan originator shall pay the following fees to obtain and maintain a valid mortgage loan originator license:

(1) Initial application fee of $500;

(2) Annual license renewal fee of $300;

(3) Reinstatement fee of $100;

(4) Late fee of $25 per day; and

(5) Criminal background check fee of $35, or of an amount determined by the commissioner by rule pursuant to chapter 91.

(b) A mortgage loan originator company shall pay the following fees to maintain a valid mortgage loan originator company license or branch license:

(1) Fees payable for a principal office of a mortgage loan originator company:

(A) Initial application fee of $900;

(B) Annual license renewal fee of $600;

(C) Reinstatement fee of $100;

(D) Late fee of $25 per day; and

(E) Criminal background check fee of $35, or of an amount determined by the commissioner by rule pursuant to chapter 91, for each control person, executive officer, director, general partner, and manager; and

(2) Fees payable for each branch office of a mortgage loan originator company:

(A) Initial application fee of $250;

(B) Annual license renewal fee of $100;

(C) Reinstatement fee of $100; and

(D) Late fee of $25 per day.

(c) An exempt sponsoring mortgage loan originator company shall pay the following fess to maintain a valid registration in the Nationwide Mortgage Licensing System:

(1) Initial registration fee of $200;

(2) Annual registration renewal fee of $150; and

(3) Late fee of $25 per day.

(d) In addition to fees charged by the Nationwide Mortgage Licensing System, a licensee shall pay to the commissioner a fee of $50 for each of the following amendments to information provided to the Nationwide Mortgage Licensing System that require the review of the commissioner:

(1) Change of physical location, including address change for branch office or principal place of business;

(2) Addition or deletion of a "d/b/a" assignment;

(3) Change of manager; or

(4) Change of legal name.

The commissioner, upon a showing of good cause, may waive any fee set forth in this subsection.

(e) The fees established by this section are nonrefundable and are in addition to any fees established and charged by the Nationwide Mortgage Licensing System, an approved educational course provider, an approved educational testing provider, a law enforcement agency for fingerprints and background checks, or a credit reporting agency used by the Nationwide Mortgage Licensing System.

(f) The commissioner may establish, by rule pursuant to chapter 91, any other fees or charges necessary for the administration of this chapter. [L 2010, c 84, pt of §3; am L 2011, c 194, §13]