Hawaii Revised Statutes 211D-11 – State liability prohibited
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Terms Used In Hawaii Revised Statutes 211D-11
- Financial institution: includes a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, or nontraditional financial institution. See Hawaii Revised Statutes 211D-1
- Loan: includes a line of credit. See Hawaii Revised Statutes 211D-1
The State is not liable to a participating financial institution for payment of the principal, the interest, or any late charges on a capital access loan made under this chapter.