HAR §15-176-11. Purpose of program

The purpose of this program is to establish a "club" which shall bear the name "Future Homebuyers' Club of Hawaii" that will provide informational services to the inexperienced on the process of purchasing a home; assisting the participants in resolving credit problems; and establishing a savings program for downpayment costs, closing costs, and other related costs in the purchase of a home. [Eff OCT 2 5 19QQ ) (Auth: HRS §§20'1G-4, 201G-351) (Imp: HRS §201G-~~1) SlS-176-12 Membership eligibility. Enrollment by application shall be open to any resident of the State of Haw<l;ii who: 176-2 2248 $15-176-1 SUBCHAPTER 1 GENERAL PROVISIONS $15-176-1 Purpose. These rules are adopted pursuant to chapter 91, Hawaii Revised Statutes ("HRS"), and implement the provisions of section 201G-351, HRS, providing for the Salish of a "homebuyers' club program". [Eff UUI Z 5 1YYY ) (Auth: HRS §S201G-4, 201G-351) (Imp: HRS §201G-351) $15-176-2 Definitions. As used in this chapter: "Assets" means total cash, securities, and real and personal property less any outstanding liabilities secured by the assets. "Corporation" means the housing and community development corporation of Hawaii established under chapter 201G, HRS. "Gross family income" means the total amount of income of a homebuyers' club member and the member's spous,tom _all sources before deductions. ca£r OC T 2 51999 ) cauth : aRs ss201G-4, 201G-351) (Imp: HRS §201G-351) SUBCHAPTER 2 HOMEBUYERS' CLUB PROGRAM