§516-95  Rules; eligible loans.  (a)  The corporation shall establish requirements for property financed by an eligible loan, and may consider, but not be limited to the location, age, condition, and other characteristics of the property.

     (b)  The corporation shall establish restrictions on the terms, maturities, interest rates, collateral, and other requirements for eligible loans.

     (c)  All eligible loans made shall comply with applicable state and federal laws. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b); am L 2006, c 180, §16]