Ill. Admin. Code tit. 35, § 886.305 – Loan Termination by the Agency | Midpage
§ 886.305
Ill. Admin. Code tit. 35, § 886.305
Loan Termination by the Agency
AUTHORITY: Implementing and authorized by Section 58.15 of the Environmental Protection Act [415 ILCS 5/58.15].ENVIRONMENTAL PROTECTION AGENCY
a) The Agency, by written notice, may terminate the loan, in whole or in part, for cause. Cause for termination shall include, but shall not be limited to, failure by the loan recipient to comply with the terms and conditions of the loan agreement or this Part.
b) No action shall be taken under this Section without a prior reasonable and good faith attempt to consult, either orally or in writing, with the loan recipient.