§201H-110 Loans; default.
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/hi/201h-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§201H-110 Loans; default. The corporation may:
(1)Renegotiate, refinance, or foreclose any loan in default;
(2)Waive any default or consent to the modification of the terms of any loan or security agreement;
(3)Commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement;
(4)Bid for and purchase the property secured by the loan at any foreclosure or other sale, or acquire or take possession of the property secured by the loan; and
(5)Operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan. [L 2006, c 180, pt of §4; am L 2017, c 12, §11]