HAR §4-8-45. Borrower's responsibilities

The borrower or guarantor shall: 8-20 (1) Submit to the department an annual financial statement during the life of the loan and such interim statements and reports as may be requested by the department; (2) Comply with the term loan agreement, which may be amended from time to time with approval by the department and concurred by the authorized representative of the county of Hawaii; (3) Keep the department informed on any and all changes concerning security and other major changes in the operation; (4) Promptly provide information and documents to the department upon request; and (5) Repay loans made under the North Kohala loan and grant program in accordance with the terms of the promissory note. [Eff and comp 9/20/86] (Auth: SLH 1972, Act 197, §3) (Imp: SLH 1972, Act 197, §3)