Mich. Admin. Code R. 125.161

Current through Vol. 24-24, January 15, 2025

Section R. 125.161 - Authority loan documents

Rule 161.

(1) Forms of documents to be used with respect to development fund loans, mortgage loans, and the issuance and sale of authority notes and bonds must be prepared, and may be revised and amended, by the authority staff under direction of the executive director on behalf of the authority, subject to legal requirements.

(2) The appropriate forms of the documents must be employed with respect to all matters relating to development fund loans and mortgage loans.

Mich. Admin. Code R. 125.161

1979 AC; 2023 MR 6, Eff. 3/21/2023