HAR §15-317-11
HAR §15-317-11. Amount of eligible loan
Length: 58 wordsOfficial source
Cite as Haw. Code R. § 15-317-11
The eligible loan to
any one borrower shall not exceed fifteen per cent of the
purchase price or appraised value of the residential property,
or $60,000, whichever is less. [In no event shall the loan
amount and purchase money mortgage amount exceed one hundred per
cent of the combined loan-to-value.] [Eff
]
(Auth: HRS §§201H-4, 201H-161)(Imp: HRS §201H-161)