Section 15-22-188 - Deferral or waiver of certain conditions on transfer of reserved housing(a) The conditions prescribed in § 15-22-186 of this chapter pertaining to payment to the authority of its share of the equity in the reserved housing unit shall be deferred by the executive director if the owner wishes to transfer title to the unit and the property or lease by devise or through the laws of descent to a family member who would otherwise qualify under rules established by the authority.(b) Waivers may be granted by the authority on a case-by-case basis if any of the following are met: (1) The waiver will not result in speculation;(2) Where fiscal management will not allow repurchase of the unit; or(3) Where such waiver will allow permanent financing by other mortgage lenders. [Eff 9/8/86, comp 1/28/88, comp 2/24/90, am 12/15/94] (Auth: HRS §§ 206E-4, 206E-5, 206E-7) (Imp: HRS §§ 206E-4, 206E-5, 206E-7)
15-22-188 is based substantially upon § 15-17-308. [Eff 4/6/85; R 9/8/86]