HRS §514D-6
Loans for condominium associations that were turned down
Read the official text at capitol.hawaii.gov ↗This section lets the authority give loans directly to a condominium association, but only if the association got a letter from a bank saying it was turned down for a loan, and the association has or will get full replacement and hurricane insurance as part of the loan.
condominium associations
The statute, as written — Loans; eligibility
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The authority may make loans directly to a condominium association that has: (1) Received at least one letter from a financial institution declining its eligibility for a loan to address maintenance or insurance coverage issues; and (2) Obtained full replacement property and hurricane insurance coverage or intends to do so as a condition of any financing received.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.