What is the renewal fee for a Hawaii Mortgage Loan Originator (MLO)?

The renewal fee for a Hawaii Mortgage Loan Originator (MLO) is set at $300. This fee is a requirement established by the State of Hawaii for MLOs to maintain their licenses and continue their practice within the state. It is important for MLOs to be aware of this fee, as it plays a crucial role in ensuring they stay compliant with state regulations and can operate legally in the mortgage industry.

Renewal fees are often used to cover administrative costs associated with processing license renewals and ensuring that MLOs meet ongoing educational and regulatory standards. Being informed about such fees is essential for financial planning and maintaining licensure.