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Division to make rules to administer the loan program.
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Division to make rules to administer the loan program.
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(1) form, content, and procedure for loan and grant applications;
(2) criteria and procedures for prioritizing loan and grant applications;
(3) requirements and procedures for securing loans and grants;
(4) procedures for making loans;
(5) procedures for administering and ensuring repayment of loans, including late payment penalties; and
(6) procedures for recovering on defaulted loans.
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