HAR §4-8-1. Definitions

As used in this chapter: "Board" means the board of agriculture of the department of agriculture. "Chairperson" means the chairperson of the board of agriculture. "Consolidation" means to reorganize the financing of two or more debts. "Department" means the department of agriculture. "Division" means the agricultural loan division of the department of agriculture. "Division head" means the agricultural loan division head. "Extension" means extending the time within which the installments of principal may be paid. "Extra payment" means that portion of total prepayments made during the course of the loan through liquidation or sale of secured assets. "Loan officer" means the agricultural loan division officer. "Refinancing" means to renew or reorganize the financing of a debt. 8-3 "Refund" means that portion of loan funds which was deposited into a supervised checking account and returned to the State. "Workout" means a plan to solve a delinquent or problem loan. [Eff 1/31/85; comp 9/20/86] (Auth: HRS §155-4) (Imp: HRS §155-4) §4-8-2 Administration of agricultural loan program. Responsibility for administration of the agricultural loan program shall be placed within the agricultural loan division. [Eff 1/31/85; comp 9/20/86] (Auth: HRS §155-4) (Imp: HRS §155-4)