HRS §206E-114
Lenders must prove loans were made from bond money
Read the official text at capitol.hawaii.gov ↗This section requires mortgage lenders in reserved housing loan programs to show the authority proof that eligible loans were made using bond proceeds. The authority can also check the lender's books and records to verify this.
mortgage lenders
The statute, as written — Reserved housing loan programs; evidence of eligible loan or eligible project loan
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) Each mortgage lender who participates in any reserved housing loan program shall submit evidence, as deemed satisfactory by the authority, that eligible loans or eligible project loans have been made from the proceeds of the revenue bonds. (b) The authority may inspect the books and records of the mortgage lenders as may be necessary for this section.
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