§155-3  Restriction.  Loans provided for by this chapter shall require two credit denials, except for class "F" loans for new farmer programs which shall require one credit denial.  This requirement may be waived by the board of agriculture 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]