[§514D-13] Loans. (a) Except as otherwise provided by this chapter, the authority shall determine the recipient, amount, or interest rate of a loan under this part or the fees or other requirements related to the loan.
(b) To qualify as a loan under this part, a loan shall:
(c) For a line of credit to qualify for participation in the condominium loan loss reserves program, a line of credit shall:
(d) A loan under this part may be sold on the secondary market under conditions as may be determined by the participating community development financial institution with the consent of the authority.
(e) When enrolling a loan in the condominium loan loss reserves program, a participating community development financial institution may specify an amount to be covered under the condominium loan loss reserves program that is less than the amount allowed under section 514D-12(b). [L 2025, c 296, pt of §19]