HRS §171-62
Buying state land on credit and what happens if you miss payments
The state can sell land to you with a payment plan, where you pay part now and the rest in installments. You get the deed or land patent only after paying everything plus interest and meeting all conditions. If you miss a payment or break a condition, the sale can be canceled after the board gives you notice.
buyerslandowners
The statute, as written — Sales; payment, default
When the board of land and natural resources is authorized to sell, it may do so upon part credit and part cash, the balance to be paid in stated installments, and deliver possession of the premises under an agreement of sale. The rate of interest on the agreement of sale shall not exceed the current rate of interest. Upon payment of the purchase price, plus interest, and upon due performance of the conditions of the sale, the purchaser shall be entitled to a land patent or a deed to the premises. If any default is made in payment or in the performance or observance of any condition of sale, the sale or agreement of sale shall be forfeited upon notice of default by the board as provided in section 171-20.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.