HI SB951

Adds definition of "executive officer" to mortgage loan origination statutes and clarifies persons subject to criminal background checks and financial responsibility disclosures for licensure and change of control applications.

Requires exempt sponsoring mortgage loan originator companies to designate a qualified individual to manage and supervise mortgage loan origination activities and maintain a principal place of business in Hawaii.

Updates fee structure for criminal background checks to reference actual costs charged by entities conducting checks rather than fixed fee amounts.

Requires nonprofit organizations performing mortgage loan origination to designate an employee to directly manage and supervise mortgage loan origination activities including record maintenance and staff oversight.

Effective September 1, 2017.