reglab/housing_qa huggingface dataset:
HI Rev Stat § 516-102 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-102 Revenue bonds; payment and security.

  §516-102 Revenue bonds; payment and security. (a) The revenue bonds shall be payable from and secured by the revenues derived from the benefits of the acquisition loan programs for which the revenue bonds are issued, including:  (1) Any payment made for eligible loans or other agreements entered into for the acquisition loan programs;  (2) Revenues derived from insurance proceeds;  (3) Reserve accounts and earnings thereon; and  (4) Revenues resulting from loans to mortgage lenders or from the payment on account of principal of and interest on loans purchased from mortgage lenders.  (b) The corporation may pledge any revenue derived from the acquisition loan programs financed from the proceeds of the revenue bonds to the punctual payment of the principal, interest, and redemption premiums, if any, on the revenue bonds.   (c) The revenue bonds additionally may be secured by the pledge or assignment of the loans and other agreements or any note or other undertaking, obligation, or property held by the corporation or any mortgage lender or its agent to secure the loans.  (d) Any pledge made by the corporation shall create a perfected security interest in the revenues, moneys, or property so pledged and thereafter received by the corporation from and after the time that a financing statement with respect to the revenues, moneys, or property so pledged and thereafter received shall be filed with the bureau of conveyances. Upon such filing, the revenues, moneys, or property so pledged and thereafter received by the corporation immediately shall be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be prior to the lien of all parties having claims of any kind in tort, contract, or otherwise against the corporation, irrespective of whether such parties have notice thereof. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-103 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-103 Revenue bonds; interest rate, price, and sale.

  §516-103 Revenue bonds; interest rate, price, and sale. (a) The revenue bonds shall bear interest at a rate or rates payable monthly, quarterly, or semiannually.  (b) The corporation shall include the costs of undertaking and maintaining the acquisition loan programs for which the revenue bonds are issued in determining the principal amount of revenue bonds to be issued. In determining the cost of undertaking and maintaining the acquisition loan programs, the corporation may include the cost of purchasing or funding loans or other agreements entered into for the acquisition loan programs; the costs of studies and surveys; insurance premiums; underwriting fees; financial consultant, legal, accounting, and marketing services incurred; reserve account, trustee, custodian, and rating agency fees; and interest on the bonds for a period not to exceed one year from the date of issuance.  (c) The revenue bonds may be sold at public or private sale, and for a price as may be determined by the corporation to be in the best interest of the State.  (d) Section 39-65 shall not apply to revenue bonds issued for the purpose of undertaking and maintaining any of the acquisition loan programs as permitted by this part. The legislature consents to the taxation by the United States of America of interest on revenue bonds issued for the purpose of undertaking and maintaining any of the acquisition loan programs as permitted by this part. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16] Revision Note  Section "39-65" substituted for "39-61".
HI Rev Stat § 516-104 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-104 Revenue bonds; investment of proceeds and redemption.

  §516-104 Revenue bonds; investment of proceeds and redemption. Subject to any agreement with the holders of its revenue bonds, the corporation may:  (1) Invest its moneys not required for immediate use, including proceeds from the sale of any revenue bonds, in accordance with section 201H-77; and  (2) Purchase its revenue bonds out of any fund or money of the corporation available therefor, and hold, cancel, or resell the revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1997, c 350, §16; am L 2005, c 196, §26(b); am L 2006, c 180, §16; am L 2007, c 249, §29]
HI Rev Stat § 516-107 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-107 Trustee; designation, duties.

  §516-107 Trustee; designation, duties. (a) The corporation shall designate a trustee for each issue of revenue bonds secured under the same trust indenture; provided that the trustee shall be approved by the director of finance.  (b) The trustee shall be authorized by the corporation to receive and receipt for, hold, and administer the proceeds of the revenue bonds, and to apply the proceeds to the purposes for which the bonds are issued.  (c) The trustee also shall be authorized by the corporation to hold and administer the acquisition loan program revenue bond special fund established pursuant to section 516-111, and to receive and receipt for, hold, and administer the revenues derived by the corporation from the benefits of the acquisition loan programs for which the revenue bonds are issued and to apply these revenues to the payment of the cost of administering, operating, and maintaining the acquisition loan programs, to pay the principal of and interest on these bonds, to the establishment of reserves, and to other purposes as may be authorized in the proceedings providing for the issuance of the revenue bonds.  (d) Notwithstanding section 39-68, the director of finance may appoint the trustee to serve as fiscal agent for:  (1) The payment of the principal of and interest on the revenue bonds; and  (2) The purchase, registration, transfer, exchange, and redemption of the bonds.  (e) The trustee shall perform additional functions with respect to the payment, purchase, registration, transfer, exchange, and redemption, as the director of finance may deem necessary, advisable, or expeditious, including the holding of the revenue bonds and coupons which have been paid and the supervision of the destruction thereof in accordance with the law.  (f) Nothing in this part shall limit or be construed to limit the powers granted to the director of finance in sections 36-3 and 39-13, and the third sentence of section 39-68, to appoint the trustee or others as fiscal agents, paying agents, and registrars for the revenue bonds or to authorize and empower those fiscal agents, paying agents, and registrars to perform the functions referred to in those sections. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16] Revision Note  Section "39-68" substituted for "39-65". "39-13" substituted for "39-12".
HI Rev Stat § 516-108 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-108 Trust indenture.

  §516-108 Trust indenture. (a) A trust indenture may contain covenants and provisions authorized by part III of chapter 39, and as deemed necessary or convenient by the corporation for the purposes of this part.  (b) A trust indenture may allow the corporation to pledge and assign to the trustee loans and other agreements related to the acquisition loan programs, and the rights of the corporation thereunder, including the right to receive revenues thereunder and to enforce the provision thereof.  (c) Where a trust indenture provides that any revenue bond issued under that trust indenture is not valid or obligatory for any purpose unless certified or authenticated by the trustee, all signatures of the officers of the State upon the revenue bonds required by section 39-56 may be facsimiles of their signatures.  (d) A trust indenture also shall contain provisions as to:   (1) The investment of the proceeds of the revenue bonds, the investment of any reserve for the bonds, the investment of the revenues of the acquisition loan programs, and the use and application of the earnings from investments; and  (2) The terms and conditions upon which the holders of the revenue bonds or any portion of them or any trustee thereof may institute proceedings for the foreclosure of any loan or other agreement or any note or other undertaking, obligation, or property securing the payment of the bonds and the use and application of the moneys derived from the foreclosure.  (e) A trust indenture also may contain provisions deemed necessary or desirable by the corporation to obtain or permit, by grant, interest subsidy, or otherwise, the participation of the federal government in the acquisition loan programs or in the financing of the costs of administering, operating, or maintaining the acquisition loan programs. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16] Revision Note  Section "39-56" substituted for "39-64".
HI Rev Stat § 516-111 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-111 Revenue bonds; special funds.

  §516-111 Revenue bonds; special funds. A separate special fund shall be established in accordance with section 39-62 for each acquisition loan program or part thereof financed from the proceeds of the revenue bonds secured under the same trust indenture. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1993, c 280, §12]
HI Rev Stat § 516-121 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-121 Acquisition loan programs; procedures and requirements.

  §516-121 Acquisition loan programs; procedures and requirements. (a) The corporation shall establish procedures for:  (1) The submission of requests or the invitation of proposals for loans to mortgage lenders;  (2) The purchase of existing loans by auction, invitation of tenders, or negotiation;  (3) The making of advance commitments to purchase and the purchasing of eligible loans to be made by mortgage lenders by auction, invitation of tenders, or negotiation; and  (4) Loan applications made through mortgage lenders to eligible borrowers.  (b) The corporation shall establish standards and requirements for:  (1) The allocation of loans to mortgage lenders;  (2) The allocation of funds to purchase existing loans from mortgage lenders;  (3) The making of advance commitments and allocation of funds to purchase eligible loans from mortgage lenders; and  (4) The participation by mortgage lenders as originators and processors of eligible loans on behalf of the corporation.  (c) The standards and requirements for the allocation of funds to mortgage lenders adopted by the corporation shall be designed to include the maximum number of qualified mortgage lenders as participants in the acquisition loan programs.  (d) The corporation may adopt rules under chapter 91 necessary or convenient for the operation of the acquisition loan programs under this part. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-122 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-122 Acquisition loan programs; general powers.

  §516-122 Acquisition loan programs; general powers. (a) The corporation may make, enter into, and enforce all contracts or agreements which are necessary, convenient, or desirable for the purposes of the performance of its duties in executing the acquisition loan programs.  (b) The corporation may require representations and warranties as it determines necessary to secure its loans. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-123 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-123 Acquisition loan programs; self supporting.

  §516-123 Acquisition loan programs; self supporting. The interest rate, fees, charges, premiums, and other terms of the loans made under the acquisition loan programs shall be at least sufficient to pay the cost of administering and maintaining the portion of the specific acquisition loan programs for which the revenue bonds have been issued, and to assure payment of the principal of and interest on the revenue bonds as they become due. [L 1983, c 270, pt of §1]
HI Rev Stat § 516-124 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-124 Acquisition loan programs; fees.

  §516-124 Acquisition loan programs; fees. The corporation may establish, revise, charge, and collect fees, premiums, and charges as necessary, reasonable, or convenient, for its acquisition loan programs.  The fees, premiums, and charges shall be deposited into the fee title acquisition loan program revenue bond special fund established for the particular acquisition loan program or part thereof from which the fees, premiums, and charges are derived as determined by the corporation. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-125 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-125 Acquisition loan programs; evidence of eligible loan.

  §516-125 Acquisition loan programs; evidence of eligible loan. (a) Each mortgage lender who participates in any acquisition loan program shall submit evidence, as deemed satisfactory by the corporation, that eligible loans have been made from the proceeds of the revenue bonds.  (b) The corporation may inspect the books and records of the mortgage lenders as may be necessary for this section. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-131 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-131 Loans to lenders program.

  §516-131 Loans to lenders program. (a) The corporation may make loans to mortgage lenders under terms and conditions requiring that the loan proceeds be used within a time period prescribed by the corporation to make eligible loans in an aggregate principal amount substantially equal to the amount of the loan.  (b) The loan made to a mortgage lender shall be a general obligation of the respective mortgage lender.  (c) The loan as determined by the corporation shall:  (1) Bear a date or dates;  (2) Mature at a time or times;  (3) Be evidenced by a note, bond, or other certificate of indebtedness;  (4) Be subject to prepayment; and  (5) Contain other provisions consistent with this part.  (d) Subject to any agreement with the holders of its revenue bonds, the corporation may consent to any modification to the rate of interest, time, and payment of any installment of principal or interest, security or any other term of any loan to a mortgage lender or any bond, note, contract, or agreement of any kind to which the corporation is a party. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-132 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-132 Loan to lenders program; collateral security.

  §516-132 Loan to lenders program; collateral security. (a) Loans made to mortgage lenders additionally may be secured by a pledge of a lien upon collateral security in an amount as the corporation deems necessary to assure the payment of principal of and interest on the loans as they become due.  (b) The corporation shall determine the nature and type of collateral security required.  (c) A statement designating the collateral security pledged, the mortgage lender pledging the collateral, and the corporation's interest in the pledged collateral may be filed with the bureau of conveyances. Where a statement has been filed, no possession, further filing, or other action under any state law shall be required to perfect any security interest which may be deemed to have been created in favor of the corporation. The mortgage lender shall be deemed the trustee of an express trust for the benefit of the corporation in all matters relating to the pledged collateral.  (d) Subject to any agreement with the holders of its revenue bonds, the corporation may collect, enforce the collection of, and foreclose on any collateral securing its loans to mortgage lenders. The corporation may acquire, take possession of, sell at public or private sale with or without bidding, or otherwise deal with the collateral to protect its interests. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-141 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-141 Purchase of existing loans program.

  §516-141 Purchase of existing loans program. (a) The corporation may contract with a mortgage lender to purchase, in whole or in part, existing loans, whether or not eligible loans. The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds, including but not limited to provisions requiring the:  (1) Repurchase of the loans, in whole or in part, by mortgage lenders at the option of the corporation;  (2) Payments of premiums, fees, charges, or other amounts by mortgage lenders to provide a reserve or escrow fund for the purposes of protecting against loan defaults; and  (3) Guarantee by, or for recourse against, mortgage lenders, with respect to defaults on these loans of the corporation.  (b) The corporation shall require as a condition of each purchase of existing loans from a mortgage lender that the mortgage lender proceed to make and disburse eligible loans in an aggregate principal amount substantially equal to the amount of the proceeds from the purchase by the corporation of loans therefrom. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-151 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-151 Advance commitments program.

  §516-151 Advance commitments program. (a) The corporation may contract with a mortgage lender for the advance commitment to purchase eligible loans.  (b) The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-161 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-161 Eligible loan funding program.

  §516-161 Eligible loan funding program. (a) The corporation may make or contract directly with mortgage lenders to fund eligible loans.  (b) The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-171 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-171 Loans; service and custody.

  §516-171 Loans; service and custody. The corporation may contract for the service and custody of its loans. The contract may provide for the payment of fees or charges for the services rendered; provided that the fees or charges shall not exceed the usual, customary, and reasonable charges for the services rendered. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-172 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-172 Loans; sale, pledge, or assignment.

  §516-172 Loans; sale, pledge, or assignment. (a) Subject to any agreement with the holders of its revenue bonds, the corporation may sell its loans at public or private sale at a price and upon terms and conditions as it determines.  (b) Subject to any agreement with the holders of its revenue bonds, the corporation may pledge or assign its loans, other agreements, notes, or property to secure the loans or agreements. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-173 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-173 Loans; insurance and guarantees.

  §516-173 Loans; insurance and guarantees. The corporation may procure insurance or guarantees against any default of its loans, in amounts and from insurers or guarantors, as it deems necessary or desirable. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]
HI Rev Stat § 516-174 (2021)
2021 Hawaii Revised Statutes|Title 28. Property|516. Residential Leaseholds|516-174 Loans; default.

  §516-174 Loans; default. The corporation may:  (1) Renegotiate, refinance, or foreclose any loan in default;  (2) Waive any default or consent to the modification of the terms of any loan or security agreement;  (3) Commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement;  (4) Bid for and purchase the property secured by the loan at any foreclosure or other sale, or acquire or take possession of the property secured by the loan; and  (5) Operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]