HRS §201H-108
Loans; sale, pledge, or assignment
This section lets the Hawaii Housing Finance and Development Corporation sell, pledge, or assign its loans and related property, but only if it doesn't break promises it made to bondholders. The corporation decides the price and terms. It's a narrow rule about how the corporation can handle its own loans.
courts
The statute, as written — Loans; sale, pledge, or assignment
(a) Subject to any agreements with the holders of its revenue bonds, the corporation may sell its loans at public or private sale at a price and upon terms and conditions as it determines. (b) Subject to any agreements with [the] holders of its revenue bonds, the corporation may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements.
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