Haw. Code R. § 4-8-32 - Refinancing and consolidation

Refinancing and consolidation may be considered when the loan meets the following criteria:

(1) The loan is delinquent and part of the workout requires a new loan. Refinancing will cure delinquency or improve the cash flow situation, or both;

(2) The borrower's financial condition will be improved; and

(3) The adequacy of the security will be unimpaired or it may be improved.

Notes

Haw. Code R. § 4-8-32

[Eff 1/31/85; comp 9/20/86] (Auth: HRS § 155-4) (Imp: HRS §§ 155-4, 155-13)