Hawaii § 206E-115 - Loans to lenders program.
Full text of Hawaii Hawaii Revised Statutes § 206E-115 — Loans to lenders program., with citation guidance and answers to common questions.
§ 206E-115. Loans to lenders program.
(a) The authority may make loans to mortgage lenders under terms and conditions requiring that the loan proceeds be used within a time period prescribed by the authority to make eligible loans in an aggregate principal amount substantially equal to the amount of the loan. (b) The loan made to a mortgage lender shall be a general obligation of the respective mortgage lender. (c) The loan as determined by the authority shall: (1) Bear a date or dates; (2) Mature at a time or times; (3) Be evidenced by a note, bond or other certificate of indebtedness; (4) Contain other provisions consistent with this part. (d) Subject to any agreement with the holders of its revenue bonds, the authority may consent to any modification to the rate of interest, time, and payment of any installment of principal or interest, security or any other term of any loan to a mortgage lender or any bond, note, contract, or agreement of any kind to which the authority is a party. [L 1982, c 228, pt of §8] Previous Vol04_Ch0201-0257 Next
Frequently Asked Questions About Hawaii § 206E-115
What does Hawaii Revised Statutes § 206E-115 cover?
Section 206E-115 ("Loans to lenders program.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 206E-115?
A common citation format is "Hawaii Revised Statutes § 206E-115" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 206E-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.