HAR §15-314-34. Evidence of eligible loan

(a) Each mortgage lender who participates in any housing loan program shall submit evidence, as deemed satisfactory by the corporation, that eligible loans have been made. (b) The corporation may inspect the books and records of the mortgage lenders as may be necessary for the purposes of this section. [Eff ] (Auth: HRS §201H- 101)(Imp: HRS §201H-101) §15-314-35 Technical default of loan and acceleration of maturity of loan. The occurrence of any of the following events shall be sufficient grounds for the corporation, at its option, to accelerate the maturity of the loan: 314-11 (l) The eligible borrower sells, transfers, or refinances the property described in the mortgage; provided, however, that a transfer of title shall be permitted if it appears to the satisfaction of the corporation that the transfer was effected for estate planning purposes and the corporation's security interest is unaffected by the transfer; (2) The eligible borrower rents or fails to occupy the property described in the mortgage as the eligible borrower’s permanent and primary residence; (3) The eligible borrower fails to abide by any agreements executed by the eligible borrower for the purpose of the eligible loan; (4) The corporation finds to be false any statement made by the eligible borrower in the application for an eligible loan; or (5) The eligible borrower fails to respond in writing within thirty days to the corporation's written request to verify the occupancy of the eligible borrower. [Eff ] (Auth: HRS §§201H-4, 201H-161)(Imp: HRS §201H- 161)