Section 17-2036-34 - Interim homeownership assistance adjustment(a) The authority may adjust a participant's homeownership assistance payment between reexaminations if a participant reports a change in income and requests an adjustment.(b) Adjustments reflecting a higher homeownership assistance payment shall be made effective on the first day of the month following the month the report was made A participant who has obtained an increase in the homeownership assistance payment under this section, shall report all income increases which occur prior to the next reexamination and the homeownership assistance payment shall be readjusted accordingly.(c) An adjustment in the homeownership assistance payment shall be made between reexaminations when a participant's income increases as a result of the inclusion of additional persons with income to the family, and such adjustment shall be made effective on the first day of the second month following the inclusion.(d) The participant and lender shall be notified in writing by the authority of the results of any reexamination within a reasonable time. Haw. Code R. § 17-2036-34
[Eff 1/20/2019] (Auth: HRS §§ 356D-4, 356D-13) (Imp: HRS § 356D-13; 24 C.F.R. § 982.601, 982.516 )