HAR §4-9-6. Application procedure

(a) Any qualified aquaculturalist who meets the eligibility requirements may apply for an aquaculture loan with the division. (b) Applications shall be made on prescribed forms available at department offices. (c) Applications for loans shall contain financial statements, projections on income and expenses, and other instruments as may be required by the division. (d) Prior to awarding a loan, the division shall cause title to real property to be examined and have executed a note and mortgage. The applicant shall pay the necessary costs involved, including but not limited to costs for appraisal reports, preparation of security instruments, and title searches. [Eff 9/28/81]] (Auth: HRS §219-5) (Imp: HRS §219-6)