HRS §207-13
What a foreign lender may do in Hawaii
This section lists the activities a foreign lender may do in Hawaii, like making loans, collecting on them, and handling property from foreclosures. It also says the lender cannot keep an office in Hawaii for these activities.
The statute, as written — Permitted activities
The activities referred to in section 207-12 are: (1) Making loans; (2) Receiving security for loans; (3) Acquiring, by assignment or otherwise, partial or entire interests in loans or in security for loans; (4) Servicing (but servicing only by or through individuals who are residents of, or corporations doing business in, this State), collecting, enforcing, or otherwise realizing upon loans or upon security for loans or upon interests therein; and taking, holding, and disposing of any property acquired (whether by purchase at any sale pursuant to foreclosure by suit or foreclosure under power of sale, or by foreclosure by entry, or by conveyance in lieu of foreclosure) in enforcement of the rights of the foreign lender in the event of default by any borrower; and (5) Empowering agents and servants or in connection with, and entering into and performing contracts, and doing other acts and things necessary or appropriate for or preliminary or incident to, any of the foregoing activities, but not maintaining any office in this State for the conduct of any such activities.
Sections this one refers to
§207-12 Tax and business law exemptions for out-of-state lenders
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.