HRS §657D-17
Interest rate cap for military service debts
This section limits interest on debts you had before entering military service to 6% per year during your service. A court can allow a higher rate if it decides your service doesn't really affect your ability to pay. The term 'interest' includes many extra charges, but not real insurance.
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The statute, as written — Maximum rate of interest
No obligation or liability bearing interest at a rate in excess of six per cent a year incurred by a person in military service before that person's entry into that service, during any part of the period of military service, shall bear interest at a rate in excess of six per cent a year unless, in the opinion of the court, upon application thereto by the obligee, the ability of the person in military service to pay interest upon the obligation or liability at a rate in excess of six per cent per year is not materially affected by reason of that service, in which case the court may make such order as it deems just. As used in this section the term "interest" includes service charges, renewal charges, fees, or other charges, except bona fide insurance, as to the obligation or liability.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.