Section 15-4-6 - Agreements with financial institutions(a) The director may negotiate contracts with financial institutions upon reasonable terms for their participation with the department in making loans pursuant to this chapter.(b) A participation agreement with a financial institution shall provide that at least ten per cent of the total loan be comprised of funds from the financial institution. The financial institution's share of the disbursement of funds of any loan shall bear the same ratio as its participation in the total amount of the loan.(c) A participation agreement may provide that the financial institution undertake to service the loan.[Eff. JUL 6 1981] (Auth: HRS § 209-26) (Imp: HRS § 209-27)