Prohibitions

HRS §480E-10 — under Mortgage.

HRS §480E-10

§480E-10 Prohibitions. (a) A distressed property consultant shall not:

(b) A distressed property purchaser shall not:

(c) There shall be a rebuttable presumption that an appraisal by a person licensed or certified as a real property appraiser by the State or the federal government is an accurate determination of the fair market value of the property.

(d) An evaluation of "reasonable ability to pay" under this chapter shall include debt to income ratio, fair market value of the distressed property, and the distressed property owner's payment history. [L 2008, c 137, pt of §2; am L 2016, c 142, §9; am L 2019, c 111, §27]