Haw. Code R. § 15-155-10 - Final loan approval, execution and repayment
(a)
Following completion of the final Removal Action Report and the Removal Action
Decision Memo, the applicant will update the loan application to include the
selected remedy and any other new information.
(b) The Business Loan Officer will review the
updated loan application and will prepare an updated credit memorandum to be
forwarded to OP for final BCRLF Loan Committee approval.
(c) The applicant will be sent a BCRLF Loan
Agreement for completion and signature and a list of any closing documents to
be provided by the applicant. The department and the applicant will then
execute the loan and the applicant shall commence repayment of the loan in
accordance with the terms and conditions of the loan agreement.
Notes
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