Haw. Code R. § 15-315-24

Current through November, 2024
Section 15-315-24 - Charges
(a) Subject to the requirements of the federal MCC program, the corporation hereby establishes the following schedule of fees.
(b) Fees to be paid by the eligible borrower are as follows:
(1) Upon final approval of their MCC package, the eligible borrower shall pay a fee of up to $300 to the corporation and a fee of up to $100 to the participating mortgage lender.
(2) Upon final approval of a request for reissuance of an MCC, the eligible borrower shall pay a fee of up to $200 to the corporation and a fee of up to $100 to the participating mortgage lender.
(3) Upon making a request for a replacement MCC, the eligible borrower shall pay a fee of $25 to the corporation.
(c) Fees to be paid by the mortgage lender to the corporation are as follows:
(1) Upon election to participate in the program, the mortgage lender shall pay a fee of $250 per year to the corporation.
(2) Upon submission of an application for corporation review, the mortgage lender shall pay a fee of $25 per application to the corporation.
(3) Upon final approval of a request for an extension of up to sixty calendar days, the mortgage lender shall pay a fee of $100 to the corporation.

Haw. Code R. § 15-315-24

[Eff 12/4/10; am] (Auth: HRS § 201H-16) (Imp: HRS § 201H-16)