HAR §15-314-37
HAR §15-314-37. Management of defaulted loans
Length: 117 wordsOfficial source
Cite as Haw. Code R. § 15-314-37
The corporation
may:
(1)
Renegotiate, refinance, or foreclose on the mortgage
of any loan in default;
(2)
Waive any default or consent to the modification of
the terms of any loan or security agreement;
(3)
Commence any action to protect or enforce any right
conferred upon the corporation by any law, mortgage,
insurance policy, contract, or other agreement;
(4)
Bid for and purchase the property secured by the loan
at any foreclosure or other sale, or acquire or take
possession of the property secured by the loan; and
(5)
Operate, manage, lease, dispose of, or otherwise deal
MAY 2 3 zo,~ th the property secured by the loan.
[Eff
]
(Auth:
HRS §201H-110) (Imp:
HRS
§201H-110)
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