HAR §4-8-5. Sound credit risk

To be eligible for a loan, the applicant shall be a sound credit risk with the ability to repay the money borrowed, as determined by the department. The department's determination may be based on projections of income and expense with reasonable assumptions submitted by the applicant. Income from the applicant's farming activities shall be the sole criterion for the department's determination of the applicant's ability to repay the money borrowed. [Eff 1/31/85; comp 9/20/86] (Auth: HRS §155-4) (Imp: HRS §155-10)