Hawaii § 209-30 - Terms.
Full text of Hawaii Hawaii Revised Statutes § 209-30 — Terms., with citation guidance and answers to common questions.
§ 209-30. Terms.
(a) No loan shall include any portion or item of loss covered by a contract of insurance or for which the applicant receives assistance from any other federal, state, or county program of disaster relief, and the amount of loans to any one applicant shall in no case exceed $75,000 for a commercial loan and $35,000 for a personal loan. (b) No loan shall be made for a term exceeding twenty years. (c) Each loan shall bear simple interest at the rate of five per cent a year for direct loans and the State's share of participating loans. (d) The commencement date for the repayment of the first installment on principal only for each loan may be deferred for a period of six months from the date of the loan. [L 1961, c 189, §16; Supp, §98P-16; HRS §209-30; am L 1976, c 205, §1(2); am L 1990, c 71, §1; am L 1993, c 334, §1] Previous Vol04_Ch0201-0257 Next
Frequently Asked Questions About Hawaii § 209-30
What does Hawaii Revised Statutes § 209-30 cover?
Section 209-30 ("Terms.") is part of the Hawaii Revised Statutes, the codified statutory law of Hawaii. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Hawaii § 209-30?
A common citation format is "Hawaii Revised Statutes § 209-30" (Hawaii). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Hawaii law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Hawaii official source linked on this page or consult a licensed Hawaii attorney.
How does Hawaii § 209-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Hawaii can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Hawaii.