Section 15-169-16 - Application for loan The following procedure is established for loans made under this chapter:
(1) The corporation shall provide any interested person with the name(s) of the financial institution(s) selected by the corporation to originate and service loans made under this chapter;(2) Application for a loan shall be made directly to the financial institution.(3) Each application shall include the eligible borrower's name, address, requested loan amount (subject to the limits set forth in section 15-169-12, credit history, income statement, statement of assets and liabilities, a copy of the eligible borrower's most recent signed federal and state income tax returns, and other information as prescribed by the corporation; and(4) Upon the corporation's review and approval of the documents listed in paragraph (3), the corporation shall coordinate the funding of the loan with the financial institution and the escrow company. [Eff OCT 25 1999] (Auth: HRS §§ 2016-4, 2016-321) (Imp: HRS § 2016-321)