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2014 Hawaii Revised Statutes
TITLE 25. PROFESSIONS AND OCCUPATIONS
454F. Secure and Fair Enforcement for Mortgage Licensing Act
454F-45 Subrogation of rights.

HI Rev Stat § 454F-45 (2014) What's This?

Revision Note

Sections 454F-41 to 454F-47 designated as Part II pursuant to §23G-15.

§454F-45 Subrogation of rights. When, pursuant to court order, the commissioner has paid any sum to a judgment creditor from the mortgage loan recovery fund, the commissioner shall be subrogated to all of the rights of the judgment creditor. The judgment creditor shall assign all of the judgment creditor's rights, title, and interest in the judgment to the commissioner. Any interest collected by the commissioner pursuant to this section shall be deposited into the mortgage loan recovery fund. [L 2010, c 84, pt of §3]

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