HRS §201H-96
Eligible improvement loans
This section says the corporation must set rules for properties that get improvement loans and for the loan terms. It may look at the property's location, age, condition, and value. All loans must follow state and federal law.
borrowers
The statute, as written — Eligible improvement loans
(a) The corporation shall establish requirements for property financed by an eligible improvement loan, and may consider the location, age, condition, value, and other characteristics of the property. (b) The corporation shall establish restrictions on the terms, maturities, interest rates, collateral, and other requirements for eligible improvement loans. (c) All eligible improvement loans made shall comply with applicable state and federal laws.
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