Haw. Code R. § 4-9-5 - Restrictions
(a) No loan shall be made for the production
of any aquacultural product for the purpose of selling or keeping of such
animals as pets.
(b) No loan shall
be made unless the applicant has been unable to secure loans at reasonable
rates and terms from:
(1) A private lender;
and
(2) A respective bank of the
farm credit system; or
(3) The
farmers home administration.
(c) The aggregate amount of the state's
liability, contingent or otherwise, on insured loans made to qualified
aquaculturalists by private lenders, banks of the farm credit system, and the
farmers home administration shall not exceed limits set by statutes.
(d) No real estate loans shall be made on
unsurveyed lands.
Notes
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