Section 15-161-56 - Occupancy(a) The eligible borrower shall utilize the dwelling purchased under these rules as his or her principal residence for the life of the eligible loan.(b) For an eligible borrower in the process of selling or transferring title to their property, the corporation may grant a waiver of the requirements of subsection (a) for a period not to exceed three years and for the reasons based on hardship, included but not limited to, unforeseeable job or military transfer, serious illness of the person, or any other hardship circumstance that the corporation may determine on a case by case basis. [Eff OCT 25 1999] (Auth: HRS § 2016-184) (Imp: HRS § 2016-82)