HRS §516-151

Advance commitments to buy eligible loans

Read the official text at capitol.hawaii.gov ↗

This section lets the Hawaii Housing Finance and Development Corporation make contracts with mortgage lenders to promise to buy certain loans in advance. The contract can include whatever terms the corporation thinks are needed to protect its revenue bonds.

mortgage lendersstate agencies

The statute, as written — Advance commitments program

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) The corporation may contract with a mortgage lender for the advance commitment to purchase eligible loans. (b) The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.