Current through November, 2024
Section 15-302-16 - Participation in a homeownership counseling program required(a) All participants in the rent-to-own program shall be required to participate in a homeownership counseling and training program approved by the corporation.(b) The homeownership counseling program shall minimally provide training to participants with adequate incomes and who are desirous of purchasing a home but lack sufficient funds for the down payment and closing costs. The primary focus of the program is to facilitate the home purchase by providing strategies to save money and resolve credit problems; and to educate participants on how to shop for and purchase a home.[Eff JUN 15 2007] (Auth: HRS §§ 201H-4, 201H-171, 201H-181) (Imp: HRS §§ 201H-171, 201H-181)