HRS §454F-47

Recovery fund payments do not stop discipline

Read the official text at capitol.hawaii.gov ↗

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

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

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.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.