For the purposes of this article, the following definitions apply unless the context clearly indicates or requires a different meaning.
Bonds. General obligation bonds of the city issued pursuant to HRS Chapter 47 and § 46-15.2, or revenue bonds of the city issued pursuant to HRS Chapter 49 and § 46-15.2 to carry out the loan programs authorized thereunder.
Director. The director of community services.
Eligible Borrower. Any person or family meeting the requirements established by rules adopted by the director for a mortgagor under a housing loan program, and further meeting the requirements of HRS § 46-15.2.
Eligible Loan. A loan to an eligible borrower made under a housing loan program meeting the requirements established by rules adopted by the director for a loan made under a housing loan program, and further meeting the requirements of HRS § 46-15.2.
Housing Loan Program. A housing loan and mortgage program authorized under HRS § 46-15.2, established by the city.
Mortgage Lender. Any bank, trust company, savings bank, national banking association, savings and loan association, building and loan association, mortgage banker, credit union, insurance company, or other financial institution meeting the requirements of a mortgage lender under a housing loan program established in rules adopted by the director and further meeting the requirements of HRS § 46-15.2.
(Sec. 31-1.1, R.O. 1978 (1983 Ed.)) (1990 Code, Ch. 6, Art. 34, § 6-34.1)