Haw. Code R. § 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.

Notes

Haw. Code R. § 15-315-23
[Eff DEC 04 2010] (Auth: HRS § 201H-16) (Imp: HRS § 201H-16)

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