Tag Archive: "Hawaii"
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Hawaii Enacts Provisions Regarding MLO Licensing
The state of Hawaii has recently enacted provisions regarding the temporary authority of certain individuals to engage in business as a mortgage loan originator (MLO).
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Hawaii Modifies Provisions Regarding Mortgage Originator Licensing Requirements
The state of Hawaii has recently passed Senate Bill 951, which updates the state’s mortgage loan origination law with regard to licensing requirements. These updates are effective as of September 1st, 2017.
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Hawaii Enacts Provisions Regarding Licensing Requirements for Mortgage Servicers
The state of Hawaii has recently updated several requirements for mortgage loan servicers, effective September 1, 2017.
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Hawaii Fiduciary Access to Digital Assets Act
Effective Immediately Hawaii has enacted Senate Bill 2298, the ‘Uniform Fiduciary Access to Digital Assets Act’. The Act allows a fiduciary acting under a will or power of attorney, a personal representative of a decedent, a conservator, or a Trustee of a trust to compel disclosure of a digital asset from a custodian who stores […]
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Hawaii Adopts Amendments Regarding MLO and Mortgage Servicing Licensing
The State of Hawaii has enacted Senate Bill 2850 which amends its mortgage loan originators law and mortgage servicers law. The purpose of the bill is to bring consistency to the terminology of the chapters, to bring clarity to the scope of each chapter and to update references to federal law in the chapters. The […]
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Hawaii Amends Provisions Regarding Mortgage Requirement
by: Lee Greenberg The state of Hawaii recently amended several provisions of the Secure and Fair Enforcement for Mortgage Licensing Act in Senate Bill No. 2817. The new legislation became effective on July 1, 2014. The legislation added the following five definitions to the Act: “Elder” means an individual who is sixty-two years of age or […]
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Hawaii Enacts Escrow Depository Rule, Amends Mortgage Servicing Regs
by: Lee Greenberg Provisions Regarding Escrow Depositories The state of Hawaii recently enacted provisions regarding escrow depositories in Senate Bill 1067. The provisions become effective on July 1, 2014. The new law defines the powers and duties of the commissioner. Any person who violates the new law will be subject to an administrative fine of a […]
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Hawaii Establishes Uniform Power of Attorney Act
by: Lee GreenbergThe state of Hawaii recently adopted provisions to establish the Uniform Power of Attorney Act in Senate Bill 2229. The new chapter is effective immediately. Applicability The new legislation applies to all powers of attorney except the following: A power to the extent it is coupled with an interest in the subject of […]
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Hawaii Adopts Uniform Mediation Act
by: Nicole LegereHawaii recently adopted the Uniform Mediation Act in order to address a number of different issues related to the mediation process. The rules adopted will govern mediation agreements and referrals made on or after July 1, 2013. As of January 1, 2014 all mediation agreements, whenever made, will be governed by the Uniform […]
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Hawaii Amends Lending and Foreclosure Regulations
by: Nicole Legere Changes to Foreclosure Law Hawaii amended Chapter 667 by adding a provision intended to govern the postponement or cancellation of a public sale subsequent to foreclosure proceedings. Under this new provision, the notice of cancellation or postponement must be announced by the court appointed commissioner at the date, time, and place of […]