Conditions

Every borrower who receives a loan shall comply with the following conditions: (a) Expend no portion of the loan for purposes other than those specified in this Chapter; and (b) Make specific arrangements with the Clerk of Court, or claimant’s attorney, to direct that payment from the proceeds received from a judgement shall be made to the Land Claimants Small Loan Revolving Fund in repayment of his or her obligations to the Corporation. SOURCE: GC §53610.9, as added by P.L. 16-111.