HRS §516-174
What the corporation can do when a loan is not paid
Read the official text at capitol.hawaii.gov ↗This section lists the actions the corporation may take if a loan goes into default. It can renegotiate, refinance, or foreclose, and can also take over and manage the property. It is a list of options, not requirements.
borrowers
The statute, as written — Loans; default
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 corporation may: (1) Renegotiate, refinance, or foreclose any loan in default; (2) Waive any default or consent to the modification of the terms of any loan or security agreement; (3) Commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement; (4) Bid for and purchase the property secured by the loan at any foreclosure or other sale, or acquire or take possession of the property secured by the loan; and (5) Operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.