§155-3  Restriction.  Loans authorized by this chapter shall require one credit denial.  This requirement shall be waived for new farmer loans for $100,000 or less for farm trainees and recent college graduates with a degree in agriculture.  This requirement may also be waived by the board of agriculture and biosecurity for emergency loans.  Credit denials may be accepted from any of the following:

     (1)  Private lenders;

     (2)  Members of the farm credit system; or

     (3)  The United States Department of Agriculture. [L 1961, c 104, §2; Supp, §102-3.5; HRS §155-3; am L 1979, c 222, §3; am L 1990, c 259, §1; am L 1997, c 258, §1; am L 1999, c 32, §2; am L 2011, c 184, §3; am L 2013, c 201, §3; am L 2025, c 69, §3 and c 236, §18]