HRS §206E-111
Authority's power to make housing loan contracts
This section gives the housing authority broad power to make and enforce any contracts needed for its reserved housing loan programs. It can also require borrowers to make promises and guarantees to protect the loans. The section is about the authority's general powers, not specific rules.
borrowersfinancial institutions
The statute, as written — Reserved housing loan programs; general powers
(a) The authority may make, enter into, and enforce all contracts or agreements which are necessary, convenient, or desirable for the purpose of the performance of its duties in executing the reserved housing loan programs. (b) The authority may require representations and warranties as it determines necessary to secure its loans.
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