§207-13  Permitted activities.  The
activities referred to in the preceding section are:



(1)  Making loans;



(2)  Receiving security for loans;



(3)  Acquiring by assignment or otherwise partial or
entire interests in loans or in security for loans;



(4)  Servicing (but servicing only by or through
individuals who are residents of, or corporations doing business in, this
State), collecting, enforcing, or otherwise realizing upon loans or upon
security for loans or upon interests therein; and taking, holding, and
disposing of any property acquired (whether by purchase at any sale pursuant to
foreclosure by suit or foreclosure under power of sale, or by foreclosure by
entry, or by conveyance in lieu of foreclosure) in enforcement of the rights of
the foreign lender in the event of default by any borrower; and



(5)  Empowering agents and servants or in connection
with, and entering into and performing contracts, and doing other acts and
things necessary or appropriate for or preliminary or incident to, any of the foregoing
activities, but not maintaining any office in this State for the conduct of any
such activities. [L 1961, c 194, §10; Supp, §98L-10; HRS §207-13]