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Current as of January 01, 2025 | Updated by Findlaw Staff
In addition to any other powers authorized by law, the authority may:
(1) Contract with any community development financial institution for services, including servicing or administering loans pursuant to this part; and
(2) Adopt rules pursuant to chapter 91 to effectuate this chapter, including but not limited to rules relating to:
(A) Determinations of any other maintenance or repairs that qualify for financing or refinancing under this chapter;
(B) The establishment of interest rates chargeable by the authority for direct loans under this part and by the participating community development financial institutions for loans under part II;
(C) The establishment of restrictions on the terms, maturities, collateral, and other requirements not inconsistent with this part;
(D) Procedures for validating a qualified condominium association's compliance with the obligation to increase its replacement reserves balance;
(E) Determinations of eligibility of a community development financial institution to participate in the condominium loan loss reserves program;
(F) Eligibility participation criteria for loans issued by an eligible community development financial institution to a qualified condominium association; and
(G) The authorization of a single community development financial institution or a consortium of community development financial institutions to participate in the condominium loan loss reserves program subject to condominium loan loss reserves program guidelines.
Cite this article: FindLaw.com - Hawaii Revised Statutes Division 3. Property; Family § 514D-2 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-3-property-family/hi-rev-st-sect-514d-2/
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