Section 15-312-50 - Yield on mortgage loansMortgage loans financed, funded or made by the corporation under this chapter shall bear interest at a rate which shall produce a yield to the corporation on the mortgage loans sufficient to:
(1) Pay interest on the related issue of the corporation's bonds;(2) Provide adequate reserves, if any, for the holders of the bonds; and(3) Cover the operating costs of the corporation of the program; provided the yield on the mortgage loans shall not exceed the maximum allowed pursuant to Section 103(c) of the Internal Revenue Code of 1954, as amended, or any successor statute thereto, and the applicable regulations promulgated by the United States Department of the Treasury. [Eff APR 23 2010] (Auth: HRS § 201H-97) (Imp: HRS §§ 201H-98, 201H-99, 201H-100)