- (a) The corporation shall establish requirements for property financed by an eligible loan, and may consider, but not be limited to the location, age, condition, and other characteristics of the property.
- (b) The corporation shall establish restrictions on the terms, maturities, interest rates, collateral, and other requirements for eligible loans.
- (c) All eligible loans made shall comply with applicable state and federal laws.
[L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]