Hawaii Administrative Rules
Title 6 - DEPARTMENT OF BUDGET AND FINANCE
Division - EMPLOYEES' RETIREMENT SYSTEM
Chapter 27 - MEMBER HOME LOAN PROGRAM
Section 6-27-10 - Creditworthiness
Universal Citation: HI Admin Rules 6-27-10
Current through February, 2024
The lender shall be responsible for determining the creditworthiness of each applicant who applies to it for a member home loan. In making that determination the lender shall take into consideration:
(1) The applicant's monthly debt payment to income ratio;
(2) The applicant's credit reputation; and
(3) Any other factor considered by a prudent lender.
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