HAR §6-27-9

HAR §6-27-9. Co-ownership of mortgaged property

Last amended: 1989Length: 67 wordsOfficial source

Cite as Haw. Code R. § 6-27-9

The member or the member and the member’s spouse, if married, shall have at least a fifty per cent interest in the mortgaged property. If the member is not the sole owner of the mortgaged property, all persons whose signatures are required to create a valid first mortgage lien upon the mortgaged property shall sign the mortgage. [Eff 2/9/89] (Auth: HRS §§88-28, 88-119.5) (Imp: HRS §§88-119, 88-119.5)