§201H-105 - Advance commitments program. - Hawaii Statutes

     [§201H-105]  Advance commitments program.  (a)  The corporation may contract with a mortgage lender for the advance commitment to purchase eligible loans, eligible improvement loans, or eligible project loans.

     (b)  The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its bonds.  Notwithstanding any other law to the contrary, project loans may be made available for housing projects on Hawaiian home lands pursuant to the Hawaiian Homes Commission Act, 1920, as amended. [L 2006, c 180, pt of §4]