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 email 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 email t dfi-nmls@dcca.hawaii.gv. The Hawaii Divisin f Financial Institutins Licensing Staff can be cntacted by phne at (808) 586-2820 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
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: Email at dfinmls@dcca.hawaii.gv. Email at dfinmls@dcca.hawaii.gv. Updated 8/13/2018 Page 2 f 7
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 email at dfinmls@dcca.hawaii.gv. Page 3 f 7
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 email 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: Email at dfinmls@dcca.hawaii.gv. Page 4 f 7
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: Email 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
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. Email 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 Email at dfinmls@dcca.hawaii.gv. Email at dfinmls@dcca.hawaii.gv. Page 6 f 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 449-11, 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 449-12, Hawaii Revised Statutes) Updated 8/13/2018 Email at dfinmls@dcca.hawaii.gv Page 7 f 7