Haw. Code R. § 15-161-41 - Definitions
Whenever used in this subchapter and the procedural guide, unless the context otherwise requires:
"Commitment letter" means the corporation's notice to the mortgage lender of the acceptance of its qualified request and the reservation of funds pursuant to the request.
"Qualified requests" means requests submitted by mortgage lenders to the corporation for the commitment of funds to a specific loan. The request must include the borrowers' names, bond series of the funds requested loan amount and commitment fees.
Notes
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