Hawaii Escrow Depository Branch License
branch licence · NMLS HIESCROWDEPO_B · DFI
Requirements (4)
Step 1
Other Trade Names: If this branch is operating under a name that is different from the applicant’s legal name, that name (“Trade Name”, “Assumed Name” or “DBA”) must be listed under the Other Trade Names section of both the Branch Form (MU3) and the Company Form (MU1). HI-DFI does not limit the number of other trade names.Submitted via: NMLS
Step 2
Lease Agreement: Provide the lease terms for the subject property. The lease terms should include, the term of the lease, the monthly lease rent, common area maintenance charges, and a description of the subject property, including the square footage. This document should be named [Branch NMLS ID#] Leasing Agreement.Submitted via: Upload in NMLS: under the Document Type Branch Written Agreement in the Document Uploads section of the Branch Form (MU3).
Step 3
Note: An invoice for the $100 license issuance fee will be sent to the applicant through NMLS after: 1) the Commissioner has granted approval of the new branch office; and 2) written notice is received by the applicant that the new branch office has opened for businessStep 4
Branch Manager: A branch Manager must e designated for each licensed location.Submitted via: NMLS
General information
Who is required to have this license?
Pursuant to Section 449-20, Hawaii Revised Statutes, no escrow depository may
establish a branch office without first obtaining prior written approval from
the commissioner. The application shall
set forth the reasons for the branch office and other information that may be
required by the Commissioner of Financial Institutions.
This license should only be applied for by a company that also holds or
is applying for an Escrow Depository License.
Activities Authorized Under This License
This license authorizes the following activities…
• Escrowing agents
Pre-Requisites for License Applications
• None.
Hawaii Division of Financial Institutions
(HI-DFI)issues paper licenses for this license
type.
Other Hawaii mortgage licenses
- Escrow Depository License
- Mortgage Loan Originator Company License
- Mortgage Loan Originator License
- Mortgage Servicer License
- Sole Proprietor Mortgage Loan Originator License
- All 6 Hawaii licenses
Sourced from the NMLS/CSBS state licensing record, last updated June 1, 2024. Requirements change — confirm against the state agency before filing. Not legal advice.