Hawaii Revised Statutes 454F-24 – Limited exemption for mortgage loan originators employed by mortgage servicers
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An employee who performs mortgage loan originator activities for a mortgage servicer is exempt from registration and licensure as a mortgage loan originator; provided that:
Terms Used In Hawaii Revised Statutes 454F-24
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC