HRS §490:1-309
When you can speed up payment or demand more collateral
This section explains what it means when a contract lets one side speed up payment or demand more collateral "at will" or when it "feels insecure." The party can only do this if it honestly believes payment or performance is at risk. The other side must prove the party acted in bad faith.
borrowerscreditorsdebtorsfinancial institutions
The statute, as written — Option to accelerate at will
A term providing that one party or that party's successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or when the party "deems itself insecure", or words of similar import, means that the party has power to do so only if that party in good faith believes that the prospect of payment or performance is impaired. The burden of establishing lack of good faith is on the party against which the power has been exercised.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.