Haw. Code R. § 15-169-16 - Application for loan

The following procedure is established for loans made under this chapter:

(1) The corporation shall provide any interested person with the name(s) of the financial institution(s) selected by the corporation to originate and service loans made under this chapter;

(2) Application for a loan shall be made directly to the financial institution.

(3) Each application shall include the eligible borrower's name, address, requested loan amount (subject to the limits set forth in section 15-169-12, credit history, income statement, statement of assets and liabilities, a copy of the eligible borrower's most recent signed federal and state income tax returns, and other information as prescribed by the corporation; and

(4) Upon the corporation's review and approval of the documents listed in paragraph (3), the corporation shall coordinate the funding of the loan with the financial institution and the escrow company.

Notes

Haw. Code R. § 15-169-16

[Eff OCT 25 1999] (Auth: HRS §§ 2016-4, 2016-321) (Imp: HRS § 2016-321)