In its 2012 session, the Hawaii legislature required all exempt registered Mortgage Loan Originators and Mortgage Loan Originator Companies of subsidiaries of insured depository institutions to be licensed, notwithstanding that the federal SAFE Act only imposes registration requirements upon such individuals. This new licensing requirement became effective July 1, 2012. The Hawaii Department of Commerce and Consumer Affairs recently announced that affected mortgage loan originators will have until September 30, 2012, to comply with the new licensing provisions, provided that by July 1, 2012, the mortgage loan originator had created an NMLS record, obtained an NMLS number, and created a sponsorship with an exempt registered mortgage loan originator company.