HAR §17-2026-41. Loan requirements

(a) A provider agency shall determine the terms of any program assistance given in the form of a loan, subject to this section. A provider agency may require other terms not inconsistent with those set by this section. (b) Program assistance loans shall: (1) Have a signed promissory note payable to the State of Hawaii; (2) Carry no interest; (3) Have no closing costs or other fees; and (4) Have a term of not more than twelve months from receipt of the loan, except for rental deposit loans, which may have terms of not more than twenty-four months. 2026-24 26 02