Haw. Rev. Stat. § 209-32
This is the official text of Haw. Rev. Stat. § 209-32, part of Hawaii’s Rev. Stat — part of the compiled statutory law of Hawaii, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Conditions of loans.
Official statutory text
Every applicant who is granted a loan under the provisions of this part shall:
(1) Expend the loan funds only for those purposes authorized by the director of business, economic development, and tourism;
(2) Agree not to sell or otherwise dispose of mortgaged or pledged property except on written consent of the director, and except upon such conditions as the director may prescribe in writing;
(3) Undertake to pay, when due, all taxes, liens, judgments, or assessments which may be lawfully assessed against the property mortgaged, together with the costs and expenses of any foreclosure of the mortgage; and
(4) Keep insured to the satisfaction of the director all buildings and other insurable property covered by any mortgage. [L 1961, c 189, §18; Supp, §98P-18; HRS §209-32; ree L 1976, c 205, §1(2); am L 1987, c 336, §7; am L 1990, c 293, §8]
(1) Expend the loan funds only for those purposes authorized by the director of business, economic development, and tourism;
(2) Agree not to sell or otherwise dispose of mortgaged or pledged property except on written consent of the director, and except upon such conditions as the director may prescribe in writing;
(3) Undertake to pay, when due, all taxes, liens, judgments, or assessments which may be lawfully assessed against the property mortgaged, together with the costs and expenses of any foreclosure of the mortgage; and
(4) Keep insured to the satisfaction of the director all buildings and other insurable property covered by any mortgage. [L 1961, c 189, §18; Supp, §98P-18; HRS §209-32; ree L 1976, c 205, §1(2); am L 1987, c 336, §7; am L 1990, c 293, §8]
Status: in_force · Read it on the official government site
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