- (a) The corporation shall establish requirements for property financed by an eligible improvement loan, and may consider the location, age, condition, value, and other characteristics of the property.
- (b) The corporation shall establish restrictions on the terms, maturities, interest rates, collateral, and other requirements for eligible improvement loans.
- (c) All eligible improvement loans made shall comply with applicable state and federal laws.
[L 2006, c 180, pt of §4]