HRS §454F-47
Recovery fund payments do not stop discipline
This section says that the mortgage loan recovery fund does not limit the commissioner's power to discipline a licensee for breaking the law or rules. Paying back money to the fund does not cancel or change any other disciplinary action.
borrowersmortgage lenders
The statute, as written — Disciplinary action against licensee
No provision of this chapter relating to the mortgage loan recovery fund shall limit the authority of the commissioner to take disciplinary action against any licensee for a violation of this chapter or of the rules and orders of the commissioner adopted pursuant to this chapter. Repayment of obligations to the mortgage loan recovery fund by a licensee shall not nullify or modify the effect of any other disciplinary proceeding brought pursuant to this chapter.
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