(a) All mortgage loan originators, mortgage loan originator companies, exempt registered mortgage loan originators, exempt sponsoring mortgage loan originator companies, nonprofit organizations, and every other person in this State that originates a residential mortgage loan, unless exempt under § 454F-2, shall register with NMLS.

Terms Used In Hawaii Revised Statutes 454F-1.5

  • 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
(b) Exempt registered mortgage loan originators, unless exempt under § 454F-2, shall register and maintain a unique identifier through NMLS, but shall not be required to be licensed under this chapter.