454M-2  License required.  (a)  No person except those exempted under this chapter shall engage in the business of mortgage servicing without a license as provided in this chapter.

Terms Used In Hawaii Revised Statutes 454M-2

  • mortgage: The written agreement pledging property to a creditor as collateral for a loan.

     (b)  No person shall engage in the business of mortgage servicing in this State unless the person providing services has a physical presence in the State pursuant to section 454M‑5(b)(6).