§454M-12 Change in control of a licensee; fees. (a) A licensee shall submit to the commissioner an application requesting approval of a proposed change of control of the licensee, accompanied by a nonrefundable application fee of $500, payable to the division.
(b) The commissioner shall approve an application requesting approval of a proposed change of control under subsection (a) if, after investigation, the commissioner determines that:
(1) The person or group of persons who will obtain control will be in compliance with this chapter upon approval of the application;
(2) The person or group of persons who will obtain control has the competence, experience, character, and general fitness to control the licensee or person in control of the licensee in a lawful and proper manner; and
(3) The interests of the public will not be jeopardized by the change of control. [L 2017, c 46, pt of §1]
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
454M-2.5 Unlicensed foreclosure actions voided.
454M-4 License; fees; renewals; notices; voluntary surrender of license; bonds.
454M-4.5 Registration with NMLS.
454M-5.5 Residential mortgage loan delinquencies and loss mitigation efforts.
454M-7 License sanctions; cease and desist and other orders.
454M-8 Powers of commissioner.
454M-8.5 Investigation and examination authority.
454M-8.7 Enforcement authorities.
454M-9 Private right of action.
454M-11 Compliance resolution fund.