Lender Certifications

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Sec. 24. Before exercising any of the powers authorized in section 23 of this chapter, the authority shall require the lender to certify and agree that:

(1) the loan is, or, if the loan has not been made, will be, at the time of making, in all respects a prudent investment; and

(2) the lender will make the loan and sell the loan to the authority within a reasonable period of time.

As added by P.L.189-2018, SEC.25.


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