HAR §15-315-22
HAR §15-315-22. State certification
Length: 174 wordsOfficial source
Cite as Haw. Code R. § 15-315-22
The governor of
the State or the governor's designee or the director
of finance of the State shall make the State
certification in accordance with the requirements of
the federal MCC program.
[Eff DEC O
11
Lu ,J
] (Auth:
HRS §201H-16)
(Imp:
HRS
§201H-16)
315-7
§15-315-22
§15-315-23
§15-315-23
List of participating mortgage
lenders.
The corporation may maintain a list of
mortgage lenders that are participating in the program
subject to the requirements of the federal MCC
program.
To remain a participating mortgage lender,
the mortgage lender must submit at least three (3) MCC
application requests to the corporation which result
in the corporation's issuance of MCCs during each
calendar year.
Failure to meet this requirement may
(1)
Result in the termination of the mortgage
lender participation agreement and the
mortgage lender being removed from the list
of participating mortgage lenders; and
(2)
Make the mortgage lender ineligible to
request to participate in the MCC program
for a period of one year.
[Eff OE.C O r,, "'",o
] (Auth:
HRS §201H-16)
(Imp:
HRS §201H-16)