HAR §4-8-32
HAR §4-8-32. Refinancing and consolidation
Cite as Haw. Code R. § 4-8-32
Refinancing and consolidation may be considered when
the loan meets the following criteria:
(1)
The loan is delinquent and part of the
workout requires a new loan. Refinancing
will cure delinquency or improve the cash
flow situation, or both;
(2)
The borrower's financial condition will be
improved; and
(3)
The adequacy of the security will be
unimpaired or it may be improved. [Eff
1/31/85; comp 9/20/86] (Auth: HRS §155-4)
(ImpL HRS §§155-4, 155-13)