Haw. Rev. Stat. § 454F-1.6
Presumption of control
Hawaii · Hawaii Revised Statutes Chapter 454F — Secure and Fair Enforcement for Mortgage · Status: effective
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- Citation
- Haw. Rev. Stat. § 454F-1.6, Presumption of control, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2425668
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Full text
An individual is presumed to control a mortgage loan originator company if that individual is:
(1) An executive officer; or
(2) A director, general partner, or managing member who directly or indirectly has the right to vote ten per cent or more of a class of voting securities or has the power to sell or direct the sale of ten per cent or more of a class of voting securities of that licensee or applicant.