In addition to targeting a retiree or senior, what is the maximum civil penalty for a mortgage loan originator's violation of Hawaii Revised Statute 454-F?

The maximum civil penalty for a mortgage loan originator's violation of Hawaii Revised Statute 454-F is indeed set at $10,000. This statute is aimed at protecting consumers, particularly vulnerable populations such as retirees and seniors, from unethical practices within the mortgage industry. The specified amount reflects Hawaii's effort to impose significant accountability on mortgage loan originators to ensure compliance with regulations designed to safeguard consumers.

This penalty structure also serves as a deterrent against misconduct and encourages adherence to ethical standards. The financial repercussions for violating this statute, particularly when aimed at older adults, are meant to reinforce the importance of maintaining integrity within the mortgage lending process. Understanding these specific regulations and penalties is crucial for mortgage loan originators to operate within the legal framework and to protect themselves from potential fines.