1. (1) limit the return on equity allowed to, or enter into equity participation agreements with, sponsors and nonprofit sponsors;
2. (2) require and obtain appraisals, credit and title information, and other information related to making Program loans;
3. (3) contract for services relating to any aspect of the operation of the Program under the procedures required by law for State contracts;

4. (4) charge and collect:

   1. (i) reasonable application and processing fees; and
   2. (ii) other charges, fees, or reimbursements incidental to Program loans; and
5. (5) if necessary, limit the cumulative outstanding debt for Program loans made to a trust described in 42 U.S.C. § 1396p(d)(4) to preserve the ongoing financial viability of the Program.

The Department may:

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2006, c. 470, § 1, eff. June 1, 2006.