HI SB1178

Exempts mortgage loan originator companies licensed under chapter 454F from requiring separate licensure as mortgage servicers under chapter 454M.

Establishes a process for mortgage servicers to voluntarily surrender their license by providing written notice to the commissioner at least 30 days in advance.

Requires the surrender notice to include contact information, reason for surrender, the original license, and copies of notices to borrowers required under the Real Estate Settlement Procedures Act.

Corrects internal statutory references, changing "director" to "commissioner" and updating federal law citations from section format to "Section" format.

Effective upon approval.