HAR §15-314-46. Mortgage valid first lien

The mortgage securing each eligible loan shall constitute a first lien on such real estate evidenced by an instrument recorded in the bureau of conveyances of the State of Hawaii or filed in the office of the assistant registrar of the land court of the State of Hawaii, or both, as applicable. The enforcement of such a mortgage shall be delineated in the documented servicing requirements of each loan. The mortgage lender shall provide certified copies of each recorded or filed mortgage and conveyance document, electronic copies of all loan documents, and original promissory notes to the corporation within five working days of the recording date of the loan. [Eff MAY 2 3 2025 1 (Auth: HRS §201H-94) (Imp: HRS §201H­ 94) 314-15 The repeal of chapter 15-161, Hawaii Administrative Rules, and the adoption of Chapter 15-314, Hawaii Administrative Rules, on the Summary Page dated December 12, 2024, occurred on October 30, 2024 and October 31, 2024, respectively, following a public hearing held on October 30, 2024, after public notice was given in the Honolulu Star-Advertiser, The Garden Island, The Maui News, West Hawaii Today, and Hawaii Tribune-Herald newspapers on September 26, 2024. The repeal of chapter 15-161, Hawaii Administrative Rules, and adoption of chapter 15-314, shall take effect ten days after filing with the Office of the Lieutenant Governor. APPROVED AS TO FORM: ~ Deputy Attorney General Gar!J Mackter GARY MACKLER, Chairperson Hawaii Housing Finance and Development Corporation APPROVED: <iii/2;~ Governor State of Hawaii Date: MAY 13 2025 Filed 314-16 9 Gar!J Mackter <iii/2;~ ~ Deputy Attorney General MAY 13 2025 The repeal of chapter 15-161, Hawaii Administrative Rules, and the adoption of Chapter 15-314, Hawaii Administrative Rules, on the Summary Page dated December 12, 2024, occurred on October 30, 2024 and October 31, 2024, respectively, following a public hearing held on October 30, 2024, after public notice was given in the Honolulu Star-Advertiser, The Garden Island, The Maui News, West Hawaii Today, and Hawaii Tribune-Herald newspapers on September 26, 2024. The repeal of chapter 15-161, Hawaii Administrative Rules, and adoption of chapter 15-314, shall take effect ten days after filing with the Office of the Lieutenant Governor. APPROVED AS TO FORM: Deputy Attorney General Gary Mackler GARY MACKLER, Chairperson Hawaii Housing Finance and Development Corporation APPROVED: 2 Jo9A GREEN, M.D. Governor State of Hawaii Date: AB CD EF MAY 1 3 2025 Filed 314-16