§209-30  Terms.  (a)  No loan shallinclude any portion or item of loss covered by a contract of insurance or forwhich the applicant receives assistance from any other federal, state, orcounty program of disaster relief, and the amount of loans to any one applicantshall in no case exceed $75,000 for a commercial loan and $35,000 for apersonal loan.

(b)  No loan shall be made for a term exceedingtwenty years.

(c)  Each loan shall bear simple interest atthe rate of five per cent a year for direct loans and the State's share ofparticipating loans.

(d)  The commencement date for the repayment ofthe first installment on principal only for each loan may be deferred for aperiod of six months from the date of the loan. [L 1961, c 189, §16; Supp,§98P-16; HRS §209-30; am L 1976, c 205, §1(2); am L 1990, c 71, §1; am L 1993,c 334, §1]