§467-17 Additional payments to fund. (a) If the balance remaining in the real estate recovery fund is less than $350,000, the department of commerce and consumer affairs shall assess every real estate licensee an additional payment to the recovery fund as provided in rules adopted by the director of commerce and consumer affairs pursuant to chapter 91 for deposit in the real estate recovery fund.
(b) The failure of the licensee to pay the assessment within sixty days from the date of assessment shall constitute a forfeiture of the license. The commission may impose other penalties or requirements as a condition to restoration of the license. [L 1967, c 187, pt of §1; HRS §467-17; am L 1983, c 116, §6; am L 1988, c 145, §4]
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
467. Real Estate Brokers and Salespersons
467-1.5 Employer-employee relationship.
467-3 Commission, appointments, qualifications, tenure.
467-4 Powers and duties of commission.
467-7 Licenses required to act as real estate broker and salesperson.
467-8 Prerequisites for license, registration, or certificate.
467-9 License, registration, certificate, and applications.
467-9.5 Prerequisites for examination.
467-10 Form of licenses, registrations, and certificates.
467-11 Fees; original license and biennial renewals.
467-11.5 Prerequisites for license renewal.
467-12 Place of business and posting of license.
467-14 Revocation, suspension, and fine.
467-15.5 License issued after a revocation or automatic termination.
467-16 Real estate recovery fund; use of fund; fees.
467-17 Additional payments to fund.
467-18 Statute of limitation; recovery from fund.
467-21 The real estate commission has standing in court.
467-25 Disciplinary action against licensee.
467-25.5 Registration of schools, instructors; fees.
467-30 Registration, bonding, and other requirements for condominium hotel operators.