§201H-110 - Loans; default. - Hawaii Statutes

     [§201H-110]  Loans; default.  The corporation may renegotiate, refinance, or foreclose any loan in default.

     The corporation may waive any default or consent to the modification of the terms of any loan or security agreement.

     The corporation may commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement.

     The corporation may 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.

     The corporation may operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan. [L 2006, c 180, pt of §4]