§155-3 Restriction. Loans authorized by this chapter shall require two credit denials, except for class "F" loans for new farmer and farm innovation programs, which shall require one credit denial. This requirement shall be waived for new farmer loans for $100,000 or less for farm trainees and recent college graduates with a degree in agriculture. This requirement may also be waived by the board of agriculture for emergency loans. Credit denials may be accepted from any of the following:
(1) Private lenders;
(2) Members of the farm credit system; or
(3) The United States Department of Agriculture. [L 1961, c 104, §2; Supp, §102-3.5; HRS §155-3; am L 1979, c 222, §3; am L 1990, c 259, §1; am L 1997, c 258, §1; am L 1999, c 32, §2; am L 2011, c 184, §3; am L 2013, c 201, §3]
Structure Hawaii Revised Statutes
Title 11. Agriculture and Animals
155-4 Powers and duties of the department.
155-5 Loans insured by the department.
155-5.5 Loans guaranteed by the department.
155-5.6 Loan guaranty; important agricultural lands; agricultural and aquacultural loans.
155-6 Participation in loans by the department.
155-6.5 Cooperation in loans by the department.
155-9 Classes of loans; purposes, terms, eligibility.
155-10 General eligibility requirements for loans.
155-11 Security for loans; mortgages.
155-13 Repayment; refinancing.
155-14 Funds; application of payments.
155-32 Hawaii water infrastructure loan program.