Eligible loans
HRS §201H-94
in effect201H-94. Eligible loans
(a) The corporation shall establish requirements for property financed by an eligible loan, and may consider the location, age, condition, and other characteristics of the property.
(b) The corporation shall establish
restrictions on the terms, maturities, interest rates, collateral, and other
requirements for eligible loans.
(c) All eligible loans made shall comply with
applicable state and federal laws.
(d) Notwithstanding any other provision of
law, the corporation may provide homebuyer assistance in conjunction with
eligible loans through loans or other means; provided that the homebuyer
assistance:
(1) Is repaid through consideration to the
corporation, including borrower repayments; and
(2) Meets restrictions and requirements as
established in rules adopted by the corporation.
[L 2006, c 180, pt of §4; am L
2013, c 135, §3]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/HRS0201H/HRS_0201H-0094.htmFetched: 11/10/2026