Hawaii Revised Statutes 431:10D-102 – Standard provisions required
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Terms Used In Hawaii Revised Statutes 431:10D-102
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fraud: Intentional deception resulting in injury to another.
- Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- month: means a calendar month; and the word "year" a calendar year. See Hawaii Revised Statutes 1-20
The policy may further provide that the loan may be deferred for not exceeding six months after the application is made.