HRS §514D-18
State not responsible for community development loans
This section says the State of Hawaii cannot be held responsible for paying back loans that community development financial institutions make to qualified condominium associations under this part. The State does not guarantee the loan's principal, interest, or late fees.
condominium associationsfinancial institutionsstate agencies
The statute, as written — State liability prohibited
The State shall not be liable to a participating community development financial institution for payment of the principal, interest, or any late charges on a loan made by a participating community development financial institution to a qualified condominium association under this part.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.