HAR §15-320-27
HAR §15-320-27. Default
Cite as Haw. Code R. § 15-320-27
Should the corporation, in
its sole discretion, determine that a project owner is
unable to fulfill the project completion requirement,
or other loan terms, the corporation may recapture the
loan award with no further compensation to the project
or project owner.
All loans issued under this chapter
shall contain provisions providing for acceleration
and repayment of the loan in the event of default.
[Eff. OCT 2 7 2011
] (Auth:
Act 158 1
SLH 2011; HRS
§201H-4,) (Imp:
Act 158, SLH 2011)
320-10
29 7 3
§15-320-25