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Hawaii Revised Statutes Division 1. Government § 201H-94

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 1. Government § 201H-94 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-1-government/hi-rev-st-sect-201h-94/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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