Current through November, 2024
Section 4-8-27 - Borrower's responsibilitiesEach borrower or guarantor shall:
(1) Submit to the division an annual financial statement during the life of the loan and interim statements and reports as may be requested by the division;(2) Comply with the term loan agreement, which may be amended from time to time with approval by the division;(3) Keep the division informed on any and all changes on security and other major changes in the operation;(4) Promptly provide information and documents to the division upon request; and(5) Repay loans made under the agricultural loan program in accordance with the terms of the promissory note.[Eff 1/31/85; comp 9/20/86] (Auth: HRS § 155-4) (Imp: HRS §§ 155-4, 155-12, 155-13)