Hawaii Division of Financial Institutions 2019 Renewal Checklist

Transcription

1 Hawaii Divisin f Financial Institutins 2019 Renewal Checklist Instructins Renewal requests must be submitted thrugh by the date specified by yur state regulatr(s). Click here t review all renewal deadlines, requirements and fees. Review the Renewal Checklist t determine if any dcumentatin is required by the state utside f. All requirements, as well as the cmpleted 2019 Renewal Checklist, must be submitted t the agency by within five business days f the electrnic renewal submissin. License Types Mrtgage Servicer License Mney Transmitter License Escrw Depsitry License Agency Cntact Infrmatin Send yur renewal dcuments and any questins via t dfi-nmls@dcca.hawaii.gv. The Hawaii Divisin f Financial Institutins Licensing Staff can be cntacted by phne at (808) fr additinal assistance. THE LICENSEE IS FULLY RESPONSIBLE FOR MEETING ALL REQUIREMENTS OF THE AGENCY FROM WHICH THEY ARE REQUESTING LICENSE RENEWAL. THE AGENCY-SPECIFIC REQUIREMENTS CONTAINED HEREIN ARE FOR GUIDANCE ONLY TO FACILITATE RENEWAL THROUGH THE. SHOULD YOU HAVE QUESTIONS, PLEASE CONSULT LEGAL COUNSEL. Page 1 f 7

2 ID Number Legal Name f Mrtgage Servicer Hawaii Mrtgage Servicer License Cmplete Renewal Requirement Items Submitted via Ttal Renewal csts: 700 which includes the prcessing fee f 100. Fees cllected thrugh the ARE NOT REFUNDABLE. HI Mrtgage Servicer Renewal Frm: Cmplete the HI Mrtgage Servicer Renewal Frm. This multi-page frm details the servicer s activities in Hawaii, the csts and fees the servicer (and sub-servicer, if applicable) charges, and a list f services prvided t related cmpanies. All sectins shuld be cmpleted. Please nte, this pdf frm is fillable. 1. Renewal Statement: Use f DFI s Renewal Statement frm is required. DFI will nt accept the renewal statement in any ther frm. This frm details the servicer's activities in this State, including: (A) The number f mrtgage lans the servicer is servicing; (B) The type and characteristics f lans serviced in this State; (C) The number f serviced lans in default, alng with a breakdwn f thirty-, sixty-, and ninety-day delinquencies; (D) Infrmatin n lss mitigatin activities, including details n wrkut arrangements undertaken; (E) Infrmatin n freclsures cmmenced in this State. 2. Csts and Fees: Use f DFI s Cst and Fees frm is required. Als, if using a sub-servicer, yu are required t prvide a frm fr each subservicer s Cst and Fees (please identify the sub-servicer). 3. List f Services Prvided t Related Cmpanies: Use f DFI s List f Services Prvided t Related Cmpanies frm is required. Yu are required t include a descriptin f all services that the licensee prvides t thse listed. Surety Bnd: *DO NOT uplad r submit a cntinuatin certificate. Please prvide the fllwing infrmatin: 1. The surety bnd cmpany name: 2. The bnd number: at dfinmls@dcca.hawaii.gv. at dfinmls@dcca.hawaii.gv. Updated 8/13/2018 Page 2 f 7

3 ID Number Legal Name f Mney Transmitter Hawaii Mney Transmitter License Cmplete Renewal Requirement Items Submitted via Annual License Fee and Bnd r Other Security Device Requirements: The annual license fee and bnd r ther security device requirements are determined based n the licensee s annualized mney transmissins calculated accrding t the instructins belw. With the exceptin f the license fee, fees cllected thrugh the ARE NOT REFUNDABLE. 1. Yu must pay the prcessing fee when yu submit yur renewal request. 2. D nt pay yur mney transmitter renewal fee (annual license fee) until yu receive an invice thrugh. Audited Financial Statements: Uplad t a cpy f licensee s mst recent audited annual financial statements (within 1 year f filing the Renewal and Annual Reprt). Authrized Delegates (Agents) and Lcatins: Check the apprpriate bx: The Licensee s current list f Authrized Delegates was upladed t. N authrized delegates. Descriptin f Licensee s Hawaii Branches: Prvide a list f the Hawaii lcatins where Licensee is cnducting business regulated under Chapter 489D, HRS (D nt include the authrized delegate lcatins reprted abve): Fr each lcatin, prvide the name the Licensee uses t identify the lcatin ( Office Name ) and the exact street address including suite number. A separate renewal request is required thrugh fr each branch lcatin listed. N Hawaii branches and at dfinmls@dcca.hawaii.gv. Page 3 f 7

4 Cmplete Renewal Requirement Items Submitted via Recent Financial Infrmatin and Calculatin f Annualized Mney Transmissins: Send the fllwing infrmatin, t the address listed abve r via at dfi-nmls@dcca.hawaii.gv, fr the mst recent quarter fr which data is available prir t the date f filing this Renewal and Annual Reprt, but in n event mre than 120 days prir t the renewal date: All data prvided in this sectin (i.e., Payment instruments - Hawaii nly; Mney transmissin - Hawaii nly; Ttal utstanding payment instruments and mney transmissin in the U.S.; and Permissible investments) must be fr the same quarter. Quarter Ended (date): A. Payment instruments Hawaii nly Number f payment instruments (e.g. electrnic r written check, draft, mney rder, traveler s check) sld r issued by Licensee in Hawaii during this quarter: Dllar amunt f thse payment instruments: Dllar amunt f thse payment instruments still utstanding at the end f this quarter: B. Mney transmissin Hawaii nly Number f mney transmissin rders (electrnic r written instructin r rder fr the transmissin r payment f mney by any and all means including wire, facsimile, stred value card, r electrnic transfer) received fr transmissin by Licensee in Hawaii during this quarter: Dllar amunt f mney r mnetary value received fr thse mney transmissin rders: Dllar amunt f mney r mnetary value f thse mney transmissin rders still utstanding (transactin has nt been cmpleted, payment has nt been transmitted, r stre valued has nt been used) at the end f this quarter: C. Ttal utstanding payment instruments and mney transmissin in the U.S. at the end f this quarter. Ttal dllar amunt f all utstanding payment instruments sld r issued and all utstanding mney transmissin rders received but nt yet cmpleted r transmitted by Licensee in the United States at the end f this quarter: at dfinmls@dcca.hawaii.gv. Page 4 f 7

5 Cmplete Renewal Requirement Items Submitted via D. Permissible investments List f Licensee s permissible investments including ttal market value f each type as f the end f this quarter: at dfinmls@dcca.hawaii.gv. Type f Permissible Investments Dllar Amunt Cash Certificates f depsit r ther debt bligatins f a financial institutin, either dmestic r freign Bills f exchange r time drafts drawn n and accepted by a cmmercial bank, knwn as bankers acceptances, that are eligible fr purchase by member banks f the Federal Reserve System Any investment bearing a rating f ne f the three highest grades as defined by a natinally recgnized rganizatin that rates securities Investment securities that are bligatins f the United States, its agencies, r its instrumentalities, bligatins that are guaranteed fully as t principal and interest by the United States, r any bligatins f any state, municipality, r any plitical subdivisin theref Shares in a mney market mutual fund, interestbearing bills, ntes, r bnds, debentures r stck traded n any natinal securities exchange r n a natinal ver-the-cunter market, mutual funds primarily cmpsed f these securities, r a fund cmpsed f ne r mre permissible investments as set frth herein Any demand brrwing agreement r agreements made with a crpratin r a subsidiary f a crpratin whse capital stck is listed n a natinal exchange Receivables that are due t a licensee frm its authrized delegates pursuant t a cntract under Sectin 489D-21, Hawaii Revised Statutes ( HRS ), that are nt past due r dubtful f cllectin Any ther investments r security device apprved by the Cmmissiner. TOTAL PERMISSIBLE INVESTMENTS: Page 5 f 7

6 Cmplete Renewal Requirement Items Submitted via Annual License Fee: D nt pay yur mney transmitter renewal fee (annual license fee) until yu receive an invice thrugh. at dfinmls@dcca.hawaii.gv. Number f payment instruments reprted in A abve: Number f mney transmissins reprted in B abve: Ttal number f payment instruments and mney transmissins: Annualized mney transmissins Annual license fee: x4 3,000 if annualized mney transmissins are less than 5,000 5,000 if annualized mney transmissins are 5,000 r mre but less than 50,000 8,000 if annualized mney transmissins are 50,000 r mre but less than 100,000 16,000 if annualized mney transmissins are 100,000 r mre but less than 200,000 20,000 if annualized mney transmissins are 200,000 r mre Surety Bnd r Other Security Device *DO NOT uplad r submit a cntinuatin certificate. Please prvide the fllwing infrmatin: 1. The surety bnd cmpany name: 2. The bnd number: Material Changes: Reprt any material changes t any f the infrmatin submitted by the Licensee in its riginal applicatin that were nt previusly reprted t the Cmmissiner in any ther reprt required t be filed under Chapter 489D, HRS (see Sectin 489D-14, HRS). Prvide a detailed descriptin and any supprting dcuments t explain the material changes. All material changes have been reprted r filed thrugh Updated 8/13/2018 at dfinmls@dcca.hawaii.gv. at dfinmls@dcca.hawaii.gv. Page 6 f 7

7 ID Number Legal Name f Escrw Depsitry Hawaii Escrw Depsitry License Cmplete Renewal Requirement Items Submitted via Annual License Fee: The annual renewal f an escrw depsitry s license is 2,000, plus 100 fr each branch ffice. 1. Yu must pay the prcessing fee when yu submit yur renewal request. 2. D nt pay yur escrw depsitry renewal fee until yu receive an invice thrugh. Registratin f Licensee s Hawaii Branches: The Licensee must register n each cmpany-wned lcatin (branch) in Hawaii where Licensee is cnducting business regulated under Chapter 449, HRS. N Hawaii branch ffices Litigatin: List each litigatin and attach a detailed explanatin f each litigatin invlving the cmpany during the past 12 mnths, r pending litigatin cncerning Chapter 449, HRS. Nne Bnds and Insurance: Uplad a signed cntinuatin certificate fr each bnd r insurance cverage frm the surety r insurer shwing bnd r insurance plicy number, type f bnd r insurance cverage, amunt, and cverage perid fr the required bnds and insurance. a) ESCROW DEPOSITORY BOND f at least 100,000, n deductible amunt, and 60 days prir written ntice f cancellatin t the Cmmissiner. (Sectin 449-9, Hawaii Revised Statutes) b) FIDELITY BOND f at least 100,000, deductible amunt in excess f 10,000 per ccurrence requires the prir apprval f the Cmmissiner, and 60 days prir written ntice f cancellatin t the Cmmissiner upn all f Licensee s directrs, fficers, and emplyees wh have access t mney r negtiable securities r instruments in Licensee s pssessin r under Licensee s cntrl. (Sectin , Hawaii Revised Statutes) c) ERRORS AND OMISSIONS INSURANCE f at least 250,000, deductible amunt in excess f 100,000 per ccurrence requires the prir apprval f the Cmmissiner, and 30 days prir written ntice f cancellatin t the Cmmissiner. (Sectin , Hawaii Revised Statutes) Updated 8/13/2018 at dfinmls@dcca.hawaii.gv Page 7 f 7