§155-3 Restriction.
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/hi/chapter-155/155-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§155-3 Restriction. Loans authorized by this chapter shall require one credit denial. This requirement shall be waived for new farmer loans for $100,000 or less for farm trainees and recent college graduates with a degree in agriculture. This requirement may also be waived by the board of agriculture and biosecurity for emergency loans. Credit denials may be accepted from any of the following:
(1)Private lenders;
(2)Members of the farm credit system; or
(3)The United States Department of Agriculture. [L 1961, c 104, §2; Supp, §102-3.5; HRS §155-3; am L 1979, c 222, §3; am L 1990, c 259, §1; am L 1997, c 258, §1; am L 1999, c 32, §2; am L 2011, c 184, §3; am L 2013, c 201, §3 ; am L 2025, c 69, §3 and c 236, §18]