HRS §516-171
Loan servicing and custody contracts
The corporation may hire someone to service and hold its loans and may pay for that work, but the fees must be no more than what is usual, customary, and reasonable for such services.
everyone
The statute, as written — Loans; service and custody
The corporation may contract for the service and custody of its loans. The contract may provide for the payment of fees or charges for the services rendered; provided that the fees or charges shall not exceed the usual, customary, and reasonable charges for the services rendered.
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