All individuals originating loans in Hawaii must be w-2 employees of Direct Lender. Branch Licensing
There are no branch licensing requirements due to our Foreign Lender Exemption in Hawaii.
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Initial Disclosures
Insurance Disclosure (Hawaii)
Mortgage Broker Fee Disclosure
Final Disclosures
Coming Soon
Refer to Section 32 under Federal Compliance
PPP Max 5 year pre-payment penalty not to exceed the fixed period of an ARM.
Permitted Fees
Prohibited Fees
Late Charge Fees
5% of principal and interest after 15 days
Funding Settlement
Dry State
Borrower Signing Requirements
Hawaii is not a community property state. Spouse to sign security instruments if they intend to release their claim of Dower.
Closing Customs
Real Estate Taxes
Taxes are due semi-annually on August 1st and February 1st. Taxes are delinquent on August 20th and February 20th.
Advertising Record Retention
Advertising Representation
Telemarketing
Comings Soon
Disclaimer: This information is tailored for DirectLender. It is deemed reliable but not guaranteed. It is not intended as legal advice, and should not be relied upon as such. The laws, policies, and references cited change periodically.
