HRS §211D-11
State not responsible for capital access loans
The State will not pay back a capital access loan if the borrowing business fails to pay. This section protects the State from being sued by the lender for unpaid principal, interest, or late fees. It only applies to loans made under this chapter.
financial institutions
The statute, as written — State liability prohibited
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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.