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Hawai'i Association of Mortgage Brokers (HAMB)

P.O. Box 1074
Honolulu, HI 96808
info@hamb.org

 

 

 

 

Da Prez Says . . .

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The LIVE 2 Day NMLS SAFE course was moved from Sept 13 & 14 to Sept 9 & 10, 2010.

 DA PREZ SAYS... 

Ready to study for the state component of the NMLS exam?

You should read the text of the Hawaii Revised Statutes 454F, which passed in 2009, and its amendment which passed in the 2010 legislative session, currently known as Act 84 until it is codified and becomes an integral part of HRS 454F. 

On the DFI webpage at http://hawaii.gov/dcca/dfi/mortgage-loan-originators you will find the info below.

You are encouraged to read the full text of the law and its amendment, which may be found at: http://www.capitol.hawaii.gov/hrscurrent/Vol10_Ch0436-0474/HRS0454F/ (Chapter 454F); 

and www.capitol.hawaii.gov (Act 84, which may be accessed by entering GM542 in the Quick Find field that you will see on that page).  

We recommend opening both links in separate tabs so you can toggle back and forth between the tabs, because while Chapter 454F is online and tabbed by chapter in its final form after passing in 2009, the amendment is online only in the .pdf version as it passed the legislature, with all the strikeouts and underlines representing stricken and added language respectively. So when you are reading the amendment, you need to reference the section of HRS 454F to which the amendment is referring, and toggle over to 454F to see how it was changed. Currently this is the only way to study both HRS 454F and its amendment. 

We have asked DFI for an estimated time that the amendment will be merged with the statute so it reads as one complete document, and they are not yet sure. When HRS 454F passed in the legislative session of 2009, it was not posted online until November of that year.

Happy studying, and good luck!

Scott Coffman - HAMB President 2010

 

 

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