HRS §454F-1.8
Mortgage loan originators must have one sponsor
Every mortgage loan originator must be sponsored by a company or nonprofit that is allowed to sponsor them. A mortgage loan originator can only have one sponsor at a time. This rule makes sure each originator has a single responsible sponsor.
borrowersmortgage lenders
The statute, as written — Sponsorship by mortgage loan originator company, exempt sponsoring mortgage loan originator company, or nonprofit organization
All mortgage loan originators shall be sponsored by a mortgage loan originator company, an exempt sponsoring mortgage loan originator company, or a nonprofit organization. At no time shall a mortgage loan originator be sponsored by more than one Hawaii licensed mortgage loan originator company, exempt sponsoring mortgage loan originator company, or nonprofit organization.
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