2014 Hawaii Revised Statutes
TITLE 25. PROFESSIONS AND OCCUPATIONS
454F. Secure and Fair Enforcement for Mortgage Licensing Act
454F-1.6 Presumption of control.
Revision Note
Sections 454F-1 to 454F-26 designated as Part I pursuant to §23G-15.
§454F-1.6 Presumption of control. An individual is presumed to control a mortgage loan originator company or a mortgage servicer company if that individual is a director, general partner, managing member, or executive officer who directly or indirectly has the right to vote ten per cent or more of a class of voting securities or has the power to sell or direct the sale of ten per cent or more of a class of voting securities of that mortgage loan originator company or mortgage servicer company. [L 2010, c 84, pt of §3; am L 2012, c 252, §4; am L 2013, c 168, §4]
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