§209-33 Default. If the applicant is in default of any term or condition in any loan agreement or mortgage or the provisions of this part, the unpaid balance of the loan, including interest, shall, at the option of the director of business, economic development, and tourism, become due and payable forthwith, and the director may foreclose any mortgage by any method provided by law. [L 1961, c 189, §19; Supp, §98P-19; HRS §209-33; ree L 1976, c 205, §1(2); am L 1987, c 336, §7; am L 1990, c 293, §8]