HAR §6-10-4

HAR §6-10-4. Letter of intent

Last amended: 1985Length: 95 wordsOfficial source

Cite as Haw. Code R. § 6-10-4

After receipt of the loan application and review procedures, a prospective project party shall furnish the department with a letter setting forth: (1) The intention of the prospective project party to apply for a loan; (2) The approximate principal amount of the loan to be requested; (3) A general description of the project to be financed; (4) The property, if any, proposed to be pledged to secure payment of the loan; and (5) If the project involves new construction, an approximate timetable for the construction. [Eff. August 12, 1985] (Auth: HRS §26-38) (Imp: HRS §39A-152)