HRS §516-125
Lenders must prove loans came from bond money
Read the official text at capitol.hawaii.gov ↗Mortgage lenders in the state's loan program must show the corporation that they actually made eligible loans using the bond money. The corporation can check the lenders' books and records to make sure.
mortgage lenders
The statute, as written — Acquisition loan programs; evidence of eligible 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 acquisition loan program shall submit evidence, as deemed satisfactory by the corporation, that eligible loans have been made from the proceeds of the revenue bonds. (b) The corporation may inspect the books and records of the mortgage lenders as may be necessary for this section.
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