(a) To facilitate the rehabilitation, liquidation, conservation, or dissolution of a provider under this subtitle, the Secretary, subject to the approval of the court, may:
- (1) borrow money;
- (2) execute, acknowledge, and deliver notes or other evidences of indebtedness for the loan;
- (3) secure the repayment of the loan by the mortgage, pledge, assignment, or transfer in trust of all or part of the property of the provider; and
- (4) take any other action necessary and proper to consummate the loan and to provide for its repayment.
- (b) The Secretary is not obligated personally or in an official capacity to repay a loan made under this section.
Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007.