Section 4-9-9 - Interest rate(a) The interest rate charged by the state shall be at five per cent simple interest per annum.(b) All loans shall bear simple interest on the unpaid principal balance, charged on the actual amount disbursed to the borrower.[Eff 9/28/81] (Auth: HRS § 219-5) (Imp: HRS § 219-5, 7, 8)