HAR §15-176-13. Educational seminars

Subjects covered shall include but shall not be limited to the following: (l ) Strategies on saving money; (2 ) Identifying availability and use of ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) downpayment savings plan; Developing financial plans; Budgeting practices; Description of available mortgage loans; Understanding the process of escrow; Understanding land titles; and Who to see and wAa, _tg do when ready to purchase . _[Fff JCT 2 5 1999 1 (Auth: HRS $S201G-4, 201G-351) (Imp: "#RS $201G-351) §15-176-14 Financial planning and credit counseling. (a) Consultant interviews with a counselor or financial planner shall be made available on an individual or family basis to provide credit analysis, projections, and suggestions. (b ) A maximum of one hour per month per applicant family shall be made available. Consumer credit counseling to resolve negative credit history will be made available by appointment. [ Ef f OCT 25 .1999 1 (Auth: HRS SS201G-4, 201G-351) (Imp: HRS"SzI2-351) §15-176-15 Family or applicant financial statement. (a) Prior to receiving counseling, the applicant shall submit an updated financial statement. (b ) The financial statement shall include a 1isE161 2 2°igg9Ù°me, expenses, _and a budget Plan. [ Eff UUi Z 5 1YYY. ) (Auth : HRS SS201G-4 , 201G-351) (Imp: HRS §201G-351) 176-3 2 2 4 8 $15-176-15 (1) Is at least eighteen years of age; (2) Has a gross family income which is sufficient to qualify for a mortgage loan; and (3) Is unaware of the process and financial constraints or obligations in purchasing a home without assistance of the program. (gr± QCT 2 5 1999 1 (Au±h : HRs ss2oic-4, 2o1cis1') "(Imp: "HRS §201G-351)