Haw. Code R. § 15-309-10 - Information and verification

(a) Eligible buyers interested in participating in the equity pilot program shall submit a completed affidavit to the respective developer or developer's broker and provide information relating to household income, composition, financial condition, and status changes, prior to close of the purchase.

(b) The developer or developer's broker shall compile a list consisting of the names, addresses, and phone numbers of all individuals who have submitted an affidavit to participate in the announced program and shall submit the list to the corporation for review and approval.

(c) The list shall be compiled in the order in which applicants have submitted to the developer or developer's broker a duly executed affidavit that the applicant meets the definition of "eligible buyer" and intends to become a purchaser of a unit.

(d) By signing the affidavit, the applicant certifies that the information provided is complete and accurate. An applicant found to have wilfully submitted false information, made misstatements, or withheld important information shall be deemed to be ineligible; provided that the corporation shall not waive its right to pursue any other recourse provided by law.

Notes

Haw. Code R. § 15-309-10

[Eff 1/15/2024] (Auth: SLH 2023, Act 92, §2) (Imp: SLH 2023, Act 92, §2)