§ 63M-1-907. Agreements.

Latest version.

The administrator shall enter into agreements with each successful applicant that have specific terms and conditions for each loan or assistance, including:

(1) repayment schedules;

(2) interest rates;

(3) specific economic activity required to qualify for the loan or assistance or for repayment credits;

(4) collateral or security, if any; and

(5) other terms and conditions considered appropriate by the administrator.

Renumbered and Amended by Chapter 382, 2008 General Session

                    
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