Haw. Code R. § 6-27-2
As used in this chapter:
"Active member" means a member who is an employee within the meaning of section 88-21, Hawaii Revised Statutes, and does not include a member who ceases to be an employee, notwithstanding the member's establishment of vested benefit status provided in sections 88-96 and 88-281, Hawaii Revised Statutes.
"Board" or "board of trustees" means the board of trustees of the system.
"Borrower" means the person who signs the note evidencing the loan and the mortgage securing it.
"Eligible member" means a person who meets the eligibility requirements of section 6-27-6.
"Home improvement" means an addition made to the property and shall not include renovations, maintenance, repairs, or replacement of furniture, fixtures, or appliances.
"Leasehold conversion loan" means:
(1) To purchase the fee simple interest where there is an existing first leasehold mortgage loan:
(2) To satisfy an agreement of sale for the purchase of the fee simple interest where there is an existing first leasehold mortgage loan; or
(3) To refinance a loan made for the purchase of the fee simple interest where there is an existing first leasehold mortgage loan.
"Lender" means a financial institution which may by law make loans secured by first or second mortgages on real estate and which participates in the member home loan program under an agreement with the system.
"Loan" or "member home loan" means a loan made under the member home loan program.
"Member" means an active member or retirant.
"Program" means the member home loan program.
"Retirant" means a member who has retired and becomes a beneficiary of the system and includes an elective officer or judge who terminates membership in the system as provided in section 88-61(c), Hawaii Revised Statutes.
"System" means the employees' retirement system of the State of Hawaii.
Haw. Code R. § 6-27-2