Haw. Code R. § 17-2026-41

Current through April, 2024
Section 17-2026-41 - Loan requirements
(a) A provider agency shall determine the terms of any program assistance given in the form of a loan, subject to this section. A provider agency may require other terms not inconsistent with those set by this section.
(b) Program assistance loans shall:
(1) Have a signed promissory note payable to the State of Hawaii;
(2) Carry no interest;
(3) Have no closing costs or other fees; and
(4) Have a term of not more than twelve months from receipt of the loan, except for rental deposit loans, which may have terms of not more than twenty-four months.
(c) The current loan balance of any non-delinquent participant shall be applied toward the loan limits established in section 17-2026-38.

Haw. Code R. § 17-2026-41

[Eff NOV 15 2004] (Auth: HRS § 201G- 452(b)) (Imp: HRS § 201G-452)